RBPlat flags profit jump amid higher production and prices
Headline earnings per share expected to rise as much as 78% in the year to end-December
24 February 2022 - 14:14
Royal Bafokeng Platinum (RBPlat), which has recommended that shareholders accept a R43bn buyout offer from mining peer Impala Platinum (Implats), expects profits to rise by at least half in its year to end-December, when it cashed in on higher production and buoyant prices.
Basic headline earnings per share are expected to rise between 58% and 78.2% from the 1,354.4c reported previously, the group said in a trading update on Thursday, or headline profit of as much as R6.97bn for the group...
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