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Implats’ Headline Earnings Down 52 Percent for the Year
Aug. 29, 2013 09:53AM PST
Resource Investing News Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) announced its results for the year ended June 30, 2013, with Terence Goodlace, CEO of the company, commenting that while Implats made progress in improving safety, its operational performance suffered due to “a changing workforce dynamic and weak market prices.”
Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) announced its results for the year ended June 30, 2013, with Terence Goodlace, CEO of the company, commenting that while Implats made progress in improving safety, its operational performance suffered due to “a changing workforce dynamic and weak market prices.”
According to the press release, results highlights include:
- Safety – improved across all indicators
- Production – gross platinum production up 9% to 1.58 million ounces
- Costs – lower refined volumes at Impala contributed to the increase in unit costs of 23% to R16 570 per platinum ounce
- Revenue – increased by 9% to R30 billion
- Earnings – headline earnings decreased by 52% to R2.0 billion
- Dvidend – a final dividend of 60 cents per share
Click here to read the full Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) press release.
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