IMP
IMPO
IMP - Implats - Trading Statement
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
ISIN: ZAE000083648
JSE Share Code : IMP
LSE Share Code : IPLA
ADR Code : IMPUY
("Implats" or "the Company")
TRADING STATEMENT
As Implats June year end approaches, the Company has reviewed the band
within which its profits for the year will likely fall and it has become
clear that they are not in line with consensus expectations. Shareholders
are advised that Implats` headline earnings per share for the full year
ending 30 June 2007 are expected to be 55% - 75% higher than that of the
last financial year. This includes the BEE compensation charge of
approximately R1.9 billion (excluding this charge the normalised headline
earnings are anticipated to be 100% - 120% higher). Basic earnings per
share will be between 40% - 60% higher than the last financial year.
In addition, back-ended rhodium deliveries from suppliers resulted in short-
term capacity being exceeded which resulted in a lockup. This metal will
be released during the course of the next financial year.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors. The audited
financial results will be published on 30 August 2007.
18 May 2007
Johannesburg
Issued by sponsor: Deutsche Securities (SA)(Proprietary) Limited
Date: 18/05/2007 15:30:01 Produced by the JSE SENS Department. |