JOHANNESBURG (miningweekly.com) – Diamond producer Trans Hex, which is finalising its results for the year ended March 31, 2015, expects earnings a share to increase by between 765% and 785% year-on-year to between 179c and 183c for the 12 months.
Similarly, headline earnings a share were expected to increase by between 725% and 745% year-on-year to between 80.8c and 82.8c.
Trans Hex outlined in a trading statement on Monday that the results would be driven by the disposal of its interest in Pioneer Minerals, impairments in respect of the Lower Orange River operations and its 40% interest in West Coast Resources, which included negative goodwill that arose as a result of the acquisition of assets and liabilities relating to Namaqualand Mines.
The JSE-listed company would release its results on June 2.