Impala Platinum: Profits Could Fall As Much as 62 Percent Due to Strike

Impala Platinum (JSE:IMP) is still feeling the affects of last year’s protracted platinum mine worker’s strike, Bloomberg reports. The miner says its full year profits could be down as much as 62 percent due to the strike.
As quoted in the publication:

Earnings per share excluding one-time items will probably be 0.33 rand to 0.47 rand in the year through June, or 45 to 62 percent lower than the same period in 2014, the Johannesburg-based company said in a statement Monday.
Output at its Zimplats unit was also lower due to a mine collapse, Impala said. The loss of earnings due the fallout of the strike “was mitigated through cost curtailment measures,” it said.

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