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RBPlat: Earnings to rise by at least 52%

High sales volumes coupled with higher rand commodity prices due to the weakening of the currency last year boosted earnings for Royal Bafokeng Platinum (RBPlat) in the year to December, it said yesterday. Cost-cutting from improved mining flexibility helped improve the firm’s financial performance.

Earnings a share and headline earnings a share for the year were expected to come in between R1.60 and R1.80, compared with R1.04 for the previous corresponding period, the company said.

RBPlat expects to release its results for the year ended December 31 on March 4. The shares closed 0.66 percent up at R62.90 yesterday. – Dineo Faku

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