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Implats warns of share loss

South Africa-based platinum miner Impala Platinum (SJ:IMP) has warned shareholders ahead of its financial results that it expects its headline and basic earnings per share for the financial year ended June 30 to be a notable loss due to challenging business conditions.

Commodities > Pgms

Implats warns of share loss

South Africa-based platinum miner Impala Platinum (SJ:IMP) has warned shareholders ahead of its financial results that it expects its headline and basic earnings per share for the financial year ended June 30 to be a notable loss due to challenging business conditions.

Implats warns of share loss

Difficult business conditions have impacted Implats' shares

It forecasts a loss of R1.25-1.50/share (US$0.09-0.11/share) compared to the previous financial year’s headline earning of R0.12/share. The miner also expects basic earnings per share to be a loss of R10.30-12.35, compared to a loss of R0.10/share in the 2016 financial year.