African Rainbow Minerals Limited reported unaudited group earnings results for the six months ended December 31, 2017. For the period, the group reported revenue of ZAR 5,020 million against ZAR 4,950 million for the same period last year. Sales were ZAR 4,260 million against ZAR 4,176 million for the same period last year. Profit before taxation from continuing operations was ZAR 2,444 million against loss of ZAR 681 million for the same period last year. Profit for the period from continuing operations was ZAR 2,110 million or 990 cents per diluted share against loss of ZAR 165 million or 93 cents per diluted share for the same period last year. Profit for the period was ZAR 1,891 million or 896 cents per diluted share against loss of ZAR 283 million or 130 cents per diluted share for the same period last year. Headline earnings were ZAR 1,945 million or 994 cents per diluted share against ZAR 1,693 million or 869 cents per diluted share for the same period last year. EBITDA was ZAR 991 million against ZAR 673 million for the same period last year. Headline earnings from continuing operations were ZAR 1,951 million or 997 cents per diluted share against ZAR 1,765 million or 906 cents per diluted share for the same period last year. EBITDA from continuing operations was ZAR 999 million against ZAR 693 million for the same period last year. Net cash inflow from operating activities was ZAR 324 million against ZAR 1,026 million for the same period last year. Additions to property, plant and equipment to maintain operations was ZAR 603 million against ZAR 489 million for the same period last year. Cash generated from operations per share was 494 cents against 436 cents a year ago. Net debt as at 31 December 2017 was ZAR 102 million compared to ZAR 508 million as at 31 December 2016.

The company approved and declared gross dividend of 250 cents per ordinary share for the six months ended 31 December 2017. The dividend will be payable on April 16, 2018 to those shareholders recorded in the books of the company at the close of business on April 13, 2018. The dividend is declared in the currency of South Africa. Any change in address or dividend instruction to apply to this dividend must be received by the company's transfer secretaries or registrar not later than 13 April 2018. The last day to trade ordinary shares cum dividend is 10 April 2018. Ordinary shares trade ex-dividend from 11 April 2018.