Northam Platinum Limited Announces Production Results for the Year Ended 30 June 2018; Provides Earnings Guidance for the Year Ended June 30, 2018
Earnings before interest, taxation, depreciation and amortization (EBITDA) is expected to increase to approximately ZAR 1.1 billion for the year ended 30 June 2018. The group expects normalized headline earnings, defined as the group's headline earnings adjusted for the impact of Northam's black economic empowerment transaction, which is the group's main measure of performance, to be maintained at approximately ZAR 420.0 million. The loss and headline loss per share is expected to be between 185.9 cents and 216.0 cents compared with the loss per share of 181.8 cents and headline loss per share of 181.9 cents reported in fiscal year 2017.