AMS - Anglo American Platinum Limited - Trading Statement
AMS
ANANP
AMS - Anglo American Platinum Limited - Trading Statement
ANGLO AMERICAN PLATINUM LIMITED
formerly Anglo Platinum Limited)
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
("the Company" or "the Group")
TRADING STATEMENT
Anglo American Platinum Limited is currently finalising its results for the year
ended 31 December 2011 ("the period"), which will be released on SENS on or
about 13 February 2012.
Following the achievement of headline earnings per share ("HEPS")of 1,935 cents
reported for the year ended 31 December 2010 ("the comparative period"), the
HEPS for the period is expected to decrease by between 24% and 34%.
The expected decrease in HEPS is primarily as a result of the impact of the once
off accounting charge for the broad-based community development transaction
(R1.07 billion). HEPS for the period has also been adversely affected by the
high number of safety stoppages resulting in lower production, as well as high
industry cost inflation, particularly for labour and electricity.
In addition to the drivers of the reduction in HEPS mentioned above, basic
earnings for the comparative period included the once-off R4.4 billion gain on
the listing of Royal Bafokeng Platinum Limited as well as a R0.8 billion profit
on the sale of the Group`s investment in the Western Bushveld joint venture. The
resultant impact is that basic earnings per share for the period is expected to
be between 60% and 70% lower than the basic earnings per share of 3,909 cents
for the comparative period.
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s external auditors.
For further information please contact
Kgapu Mphahlele
Tel :011 373 6239
Email: kgapu.mphahlele@angloamerican.com
Johannesburg
19 January 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/01/2012 09:00:46 Produced by the JSE SENS Department.
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