KUMBA IRON ORE LIMITED - Trading statement for the six months ending 30 June 2015
KIO 201505080011A
Trading statement for the six months ending 30 June 2015
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 SIX MONTHS ENDING 30 JUNE 2015
Kumba's results for the six months ending 30 June 2015 ("the period")
will be released on SENS on 21 July 2015. Both headline earnings and
basic earnings for the period are likely to be at least R1,302 million
(20%) lower than the previous 6 months ended 30 June 2014 ("the
comparative period").
Headline earnings and basic earnings reported for the comparative
period (as released on SENS on 22 July 2014) were R6,505 million and
R6,511 million respectively, while headline earnings per share ("HEPS")
and earnings per share ("EPS") reported for the comparative period were
R20.28 and R20.30 respectively.
The decrease in earnings is primarily attributable to the significant
decrease in export iron ore prices during the period.
In this regard, both HEPS and EPS are also likely to be at least R4.06
(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
Limited Listings 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
8 May 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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