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Assore Sees FY HEPS Of R59,33 To R63,31


Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Assore Ltd ::TRADING STATEMENT.HEPS FOR FY19 ARE ANTICIPATED TO BE BETWEEN R59,33 (INCREASE OF 20%) AND R63,31 (INCREASE OF 28%), FROM R49,53 PER SHARE IN FY18.WORLD MANGANESE ALLOY MARKET OVERSUPPLY WORSENED IN H2, WHICH RESULTED IN A CUMULATIVE IMPAIRMENT CHARGE OF R507 MILLION.FY19 ATTRIBUTABLE EARNINGS PER SHARE ARE ANTICIPATED TO BE TO BETWEEN R55,16 AND R58,85 PER SHARE.IMPAIRMENT CHARGE OF R507 MILLION RELATES TO ASSORE'S INDIRECT EFFECTIVE INTEREST IN SAKURA FERROALLOYS SDN BHD, MALAYSIA. 

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