KUMBA IRON ORE LIMITED - Trading statement for the twelve months ending 31 December 2014
KIO 201411050016A
Trading statement for the twelve months ending 31 December 2014
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
JSE Share code: KIO
ISIN: ZAE000085346
(“Kumba” or "the Company")
TRADING STATEMENT FOR THE TWELVE MONTHS ENDING 31 DECEMBER 2014
Kumba’s results for the twelve months ending 31 December 2014 ("the
period") will be released on SENS on 10 February 2015. Both headline
earnings and basic earnings for the period are likely to be at least
R3,089 million (20%) lower than the previous 12 months ended 31
December 2013.
Headline earnings and basic earnings reported for the 12 months ended
31 December 2013 (as released on SENS on 11 February 2014) ("the
comparative period") were R15,443 million and R15,446 million
respectively, while headline earnings per share (“HEPS”) and earnings
per share (“EPS”) reported for the comparative period were R48.08 and
R48.09 respectively.
The decrease in earnings is largely attributable to a significant
decrease in export iron ore prices, partially offset by a weaker
exchange rate during the period.
In this regard, both HEPS and EPS are also likely to be at least
R9.62/share (20%) lower than those of the comparative period.
Shareholders are advised that a further trading statement will be
issued in due course to provide forecast ranges for HEPS and EPS as
required by the JSE Listing requirements.
The forecast financial information on which this trading statement is
based has not been reviewed and reported on by the Company’s external
auditors.
Pretoria
5 November 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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