R/€ = 19.64 Change: 0.00
R/$ = 17.63 Change: -0.01
Au 1626.15 $/oz Change: 4.67
Pt 737.50 $/oz Change: -10.05
 
 
R/€ = 19.64 Change: 0.00
R/$ = 17.63 Change: -0.01
Au 1626.15 $/oz Change: 4.67
Pt 737.50 $/oz Change: -10.05
 
 
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ARM's basic earnings expected to rise

17th February 2020 BY: Simone Liedtke
Writer

Diversified miner African Rainbow Minerals (ARM) expects its basic earnings for the first half of the 2020 financial year to increase by between 60% and 65% to between just over R2-billion and R2.1-billion.

Basic earnings a share for the six months under review are expected to be between 1 081c and 1 114c, while headline earnings are expected to decrease by between 1% and 3% to between R2.12-billion and R2.17-billion, as higher headline earnings at the platinum-group metals and iron-ore operations were offset by lower headline earnings from the manganese, nickel and coal operations.

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As a result, headline earnings are expected to between 1 100c and 1 125c.

The company's financial results will be released by February 28. 

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EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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