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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Impala Platinum Holdings Limited    IMPJ   ZAE000083648

IMPALA PLATINUM HOLDINGS LIMITED

(IMPJ)
  Report  
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 09/13
85.65 ZAR   -4.83%
09/05S.Africa's rand rallies for third day as global risk-on adds to GDP boost
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09/05Impala Platinum delays job cuts due to improved earnings - sources
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09/05Implats Reports FY19 Swing to Net Profit
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Implats Reports FY19 Swing to Net Profit

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09/05/2019 | 01:41am EDT

By Oliver Griffin

Impala Platinum Holdings Ltd. (IMP.JO) on Thursday reported a swing to a net profit for fiscal 2019 after benefiting from higher prices for platinum group metals in the year.

The South African miner, known as Implats, made a profit of 1.47 billion South African rand ($98.5 million) in the year ended June 30, compared with a loss of ZAR10.68 billion in the year-earlier period.

Headline earnings for the year--which strip out certain one-off items--came in at ZAR3.04 billion, compared with a headline loss of ZAR1.23 billion in fiscal 2018.

Revenue for the year rose 36% to ZAR48.63 billion, Implats said. Revenue was boosted by an increase in refined production of PGMs, which translated into higher sales volumes.

During the financial year, Implats sold 1.52 million ounces of platinum and 928,800 ounces of palladium, both up on the previous year. While the achieved platinum price declined 12% to $827 an ounce, the achieved palladium price rose 22% to $1,185 an ounce.

Despite the bumper results, Implats said it had decided against declaring a dividend, given the uncertain and volatile economic outlook and the restructuring process that continues at its Impala Rustenburg operations.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

Stocks mentioned in the article
ChangeLast1st jan.
IMPALA PLATINUM HOLDINGS LIMITED -4.83% 85.65 End-of-day quote.137.32%
PALLADIUM -0.50% 1606.5 Delayed Quote.27.68%
PLATINUM -0.31% 946.04 Delayed Quote.19.68%
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Latest news on IMPALA PLATINUM HOLDINGS L
09/05S.Africa's rand rallies for third day as global risk-on adds to GDP boost
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09/05Impala Platinum delays job cuts due to improved earnings - sources
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09/05Implats Reports FY19 Swing to Net Profit
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09/05IMPALA PLATINUM HOLDINGS LIMITED - I : Annual results for the full year ended 30..
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09/04Impala Platinum delays job cuts due to improved earnings - sources
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08/28South Africa's rand dips as investors tread cautiously, stocks up
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08/21IMPALA PLATINUM : Conversion of all outstanding U.S.$250,000,000 3.25 per cent. ..
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08/15Implats expects annual profit helped by metals prices
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08/15IMPALA PLATINUM : Trading statement for the year ended 30 June 2019
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07/18IMPALA PLATINUM : Implats - invitation to bondholders
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Financials (ZAR)
Sales 2020 62 208 M
EBIT 2020 8 516 M
Net income 2020 8 710 M
Finance 2020 10 163 M
Yield 2020 2,26%
P/E ratio 2020 7,07x
P/E ratio 2021 8,49x
EV / Sales2020 0,91x
EV / Sales2021 0,87x
Capitalization 67 042 M
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Technical analysis trends IMPALA PLATINUM HOLDINGS L
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 91,29  ZAR
Last Close Price 85,65  ZAR
Spread / Highest target 51,8%
Spread / Average Target 6,58%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Nicolaas Johannes Muller Chief Executive Officer & Executive Director
Mandla Sizwe Vulindlela Gantsho Independent Non-Executive Chairman
Meroonisha Kerber Chief Financial Officer & Executive Director
Babalwa Ngonyama Lead Independent Director
Alastair S. Macfarlane Independent Non-Executive Director
Sector and Competitors