PGM producer Tharisa expects 45-48% decline in HY basic earnings
Platinum group metals (PGM) producer Tharisa has announced that its basic earnings per share (EPS) for the six months ended 31 March 2023 are expected to be between US$ 17 cents and US$ 18 cents per share with a tolerance of 10%.
According to a press release, this is a decrease of between 44.9% to 48.0% relative to the EPS of US$ 32.7 cents for the six months ended 31 March 2022, which included a once off item namely accounting for the acquisition of a controlling interest in Karo Mining Holdings Limited as a “business combination”.
Tharisa’s headline earnings per share (HEPS) for the six months ended 31 March 2023 are expected to be between US$ 17 cents and US$ 18 cents per share with a tolerance of 10%.
This is an increase of 9.6% to 16.1% relative to the HEPS of US$ 15.5 cents per share for the six months ended 31 March 2022, the company added.
Tharisa is an integrated resource group incorporating mining, processing, exploration and the beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. Its principal asset is the Tharisa mine located in the South-Western Limb of the Bushveld complex, South Africa.
