Trading Statement for the Six Months ended 31 December 2017
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
(“Implats” or “the Group”)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2017
Shareholders are advised that Implats’ headline earnings per share (HEPS) for the half year ended 31
December 2017 is expected to be a loss of between 17 and 26 cents per share compared to the half year
ended 31 December 2016 HEPS loss of 71 cents, representing an improvement of between 76% and 63%
Basic earnings per share (EPS) is expected to be a loss of between 19 and 28 cents per share compared to the
year ended 31 December 2016 EPS loss of 52 cents, representing an improvement of between 63% and 46%
The major reason for the increase in HEPS from the comparative period is that the Group made a gross profit
in the current period compared to a gross loss in the comparable six months ended 31 December 2016. A
significant amount of metal was tied up in the pipeline at 31 December 2017 due to an unscheduled re-build
of one of the furnaces. This negatively affected sales but was more than offset by a reduction in cost of sales.
The Group also made a profit before tax compared to a loss before tax in the comparable six months
notwithstanding a negative impact from a fair value adjustment on Impala Refining Services’ creditors due
to an increase in metal prices at the end of the period.
Higher “additional profits tax” payable by Zimplats increased the tax charge period on period, which resulted
in the anticipated loss after tax for the six months ended 31 December 2017 being between 46% and 63%
less than the loss incurred in the prior comparable period.
The financial information on which this trading statement is based has not been reviewed and reported on
by the external auditors of Implats. The Group’s reviewed financial results for the period ended 31 December
2017 will be released on 1 March 2018.
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608
19 February 2018
Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited
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