| Wed 24 Aug 2016, 14:40 | | EASTERN PLATINUM LIMITED - Update Announcement To Condensed Interim Consolidated Financial Statements For The Three And Six Months Ended |
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EPS 201608240033A
Update Announcement To Condensed Interim Consolidated Financial Statements For The Three And Six Months Ended
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
(“Eastplats” or the “Company” or “the Group”)
August 24, 2016
UPDATE ANNOUNCEMENT TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2016
August 24, 2016, Vancouver, British Columbia – Shareholders are referred to the Company’s condensed
interim consolidated financial statements for the three and six months ended June 30, 2016, which as
released on SENS on 16 August 2016 (“Interim Results”).
Shareholders are hereby advised of the following additional information in relation to the Interim Results:
RECONCILIATION BETWEEN BASIC LOSS AND HEADLINE LOSS
(Expressed in thousands of U.S. dollars except for per share amounts – unaudited)
Three months ended Six months ended
30 June 30 June
2016 2015 2016 2015
Loss attributable to owners of the Group (22,207) (2,666) (26,818) (4,395)
Adjusted for:
IAS 16 - Property, plant and equipment (199) (86) (366) (177)
disposal gains / losses
IAS 36 – Impairment of assets 20,435 - 20,435 -
Headline profit / (loss) attributable to owners (1,971) (2,752) (6,749) (4,572)
of the Group
Headline and diluted headline profit /(loss) per (0.02) (0.03) (0.07) (0.05)
share
Weighted average number of common shares 92,599,310 92,599,310 92,599,310 92,599,310
outstanding in thousands – Basic and diluted
The headline and diluted headline loss per share disclosure is provided based on the Listings Requirements
of the Johannesburg Stock Exchange, being the Group's secondary listing. The disclosure is provided in
accordance with Circular 2/2015 as issued by the South African Institute of Chartered Accountants.
For further information, please contact:
EASTERN PLATINUM LIMITED
Diana Hu, President and Chief Executive Officer
dhu@eastplats.com (email)
(604) 800-8200 (phone)
JSE Sponsor: PSG Capital Proprietary Limited
Date: 24/08/2016 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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