CENTURION – The period under review has to date seen higher average export iron ore prices and a stronger Rand/US Dollar exchange rate relative to the comparative six months ended 30 June 2020 (the comparative period).
As a result of the above headline earnings and basic earnings for the period are likely to be at least R12,602 million and R12,612 million higher (at least 150% higher), respectively, than reported headline earnings and basic earnings for the comparative period (released on 28 July 2020).
Headline earnings per share (“HEPS”) and earnings per share (“EPS”) are also likely to be at least R39.29 and R39.32 per share higher (at least 150% higher), respectively, than reported HEPS and EPS for the comparative period.
Reported headline earnings and basic earnings for the comparative period were R8,401 million and R8,408 million respectively, while reported HEPS and EPS for the comparative period were R26.19 and R26.21, respectively.
The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors.