African Rainbow Minerals Limited reported unaudited group earnings results for the six months ended December 31, 2016. For the period, the group reported revenue of ZAR 4,950 million against ZAR 4,708 million for the same period last year. Sales were ZAR 4,481 million against ZAR 4,332 million for the same period last year. Profit from operations before exceptional items was ZAR 224 million against ZAR 373 million for the same period last year. Loss before taxation was ZAR 798 million against ZAR 1,086 million for the same period last year. Loss attributable to equity holders of the company was ZAR 254 million or 130 cents per diluted share against profit attributable to equity holders of the company of ZAR 996 million or 455 cents per diluted share for the same period last year. Headline earnings were ZAR 1,693 million or 869 cents per diluted share against ZAR 507 million or 232 cents per diluted share for the same period last year. EBITDA was ZAR 673 million against ZAR 891 million for the same period last year. Net cash inflow from operating activities was ZAR 1,058 million against ZAR 11 million for the same period last year. Additions to property, plant and equipment to maintain operations was ZAR 489 million against ZAR 538 million for the same period last year. Cash generated from operations per share was 436 cents against 217 cents a year ago. Net asset value per share was 10,801 cents against 12,003 cents a year ago. Cash generated from operations reduced largely due to an increase in working capital requirements of ZAR 256 million. The net debt position at 31 December 2016 amounts to ZAR 508 million compared to ZAR 680 million. Cash generated from operations increased to ZAR 26 million, largely due to increased sales.