Edition:
India

Northam Posts ‍HY Headline Loss Per Share Of 80.0 Cents


Friday, 23 Feb 2018 

Feb 23 (Reuters) - Northam Platinum Ltd ::‍HY HEADLINE LOSS PER SHARE 80.0 CENTS VERSUS LOSS OF 64.7 CENTS ​.HY ‍SALES REVENUE 3.35 BILLION RAND VERSUS 3.46 BILLION RAND.‍HY GROUP OPERATING PROFIT DECREASED SLIGHTLY TO R338.8 MILLION AND NORMALISED HEADLINE EARNINGS OF R189.1 MILLION​.HY ‍TOTAL REVENUE PER PLATINUM OZ SOLD INCREASED BY 3.1% TO R26 516/OZ​.HY ‍COST OF SALES DROPPED BY 3.0% TO R3.0 BILLION​."‍AS INDUSTRIAL MARKET FOR PALLADIUM ALREADY IN ESTIMATED DEFICIT OF MORE THAN A MILLION OUNCES, A SIMILAR SHORTFALL IS EXPECTED IN 2018"​.‍FURTHER DROP IN PLATINUM AUTOCATALYST DEMAND IS IN PROSPECT IN 2018, BUT AT A SIMILAR LEVEL TO 2017​.‍MINE CLOSURES IN 2017 AND CONSTRAINED GROWTH IN RECYCLING SHOULD LEAD TO A FURTHER CONTRACTION IN SUPPLY OF PLATINUM​.‍STEADY INCREASE IN PLATINUM RECYCLING IS EXPECTED IN 2018​."‍SUPPORTS ALL INITIATIVES OF SA CHAMBER OF MINES​ TO FIND WAYS TO RESOLVE CURRENT MINING CHARTER III IMPASSE AND DECLARATORY ORDER".‍BOARD HAS RESOLVED NOT TO DECLARE AN INTERIM DIVIDEND FOR H1 2018​. 

Company Quote

6400.0
61.0 +0.96%
15 Jul 2019