Tharisa PLC Trading Statement (3558W)
14 November 2017 - 6:00PM
UK Regulatory
TIDMTHS
RNS Number : 3558W
Tharisa PLC
14 November 2017
Tharisa plc
(Incorporated in the Republic of Cyprus with limited
liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
(Tharisa or the Company)
Trading statement
In terms of section 3.4(b) of the JSE Listings Requirements,
companies are required to provide guidance to the market when they
are satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ by
at least 20% from the results of the previous corresponding
reporting period.
Tharisa is currently preparing its financial statements for the
financial year ended 30 September 2017, with the financial results
expected to be released on or about 30 November 2017.
Shareholders are advised that with the solid operational
performance and the increase in the chrome concentrate price,
Tharisa's basic earnings per share (EPS) and headline earnings per
share (HEPS) for the year ended 30 September 2017 are expected to
be between US$ 21 cents per share and US$ 23 cents per share
compared to the EPS of US$ 5 cents per share and HEPS of US$ 6
cents per share for the year ended 30 September 2016.
"While the PGM basket price remained relatively flat year on
year the realised average chrome concentrate price increased to
US$200 per tonne for the financial year, this combined with record
annual PGM and chrome production, resulted in the increase in the
earnings of the Company," said Phoevos Pouroulis, Chief Executive
of Tharisa.
A production update for the fourth quarter of the financial year
ended 30 September 2017 was released on the JSE News Service and
LSE Regulatory News Service on 10 October 2017. Production guidance
for the financial year ending 30 September 2018 is 150 koz of
contained platinum group metals (on a 6E basis) and 1.4 Mt of
chrome concentrates of which 350 kt will be specialty grade chrome
concentrates.
The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
auditors.
Paphos, Cyprus
14 November 2017
JSE Sponsor
Investec Bank Limited
Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
slakmidas@tharisa.com
Broker contacts:
Peel Hunt LLP (Joint Broker)
Ross Allister/ Chris Burrows
+44 207 7418 8900
BMO Capital Markets Limited (Joint Broker)
Jeffrey Couch/Neil Haycock/Thomas Rider
+44 020 7236 1010
Financial PR contact:
Buchanan
Bobby Morse/Anna Michniewicz
+44 20 7466 5000
tharisa@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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