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    IMP   ZAE000083648

IMPALA PLATINUM HOLDINGS LIMITED

(IMP)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 10/19
221.55 ZAR   -0.20%
10/14South African rand pauses after strong gains; stocks rise
RE
10/13EMEA MORNING BRIEFING : Stocks to Struggle as Inflation Worries Mount
DJ
10/12Impala Platinum Holdings Limited Announces Board Changes
CI
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Impala Platinum Fiscal Year 2021 Gross Profit Rose

09/02/2021 | 01:51am EDT

By Anthony O. Goriainoff

Impala Platinum Holdings Ltd. said Thursday that gross profit for fiscal 2021 rose as revenue increased, and that although in the near term platinum prospects remained muted there was a growing momentum for development of the hydrogen economy.

For the year ended June 30, the South African platinum miner said it made a gross profit of 53.5 billion South African rand ($3.71 billion), compared with a profit of ZAR23.27 billion for fiscal 2020.

Revenue was ZAR129.6 billion compared with ZAR69.85 billion the year before and consensus of ZAR134.98 billion taken from FactSet and based on seven analysts' forecasts, the company said.

Headline earnings were ZAR36.36 billion, compared with ZAR16.13 billion the year prior, with headline earnings per share coming in at ZAR46.35, compared with ZAR20.75 for fiscal 2020, Impala Platinum said.

The Johannesburg-listed company had previously guided for headline earnings of between ZAR35.8 billion and ZAR36.8 billion, and headline earnings per share of between ZAR45.64 and ZAR46.91.

The board declared a final dividend of ZAR12, compared with ZAR4 in the year prior.

"Implats's balance sheet is strong, with a substantial closing net cash balance and increased funding flexibility through upsized and refinanced facilities," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

09-02-21 0150ET

Stocks mentioned in the article
ChangeLast1st jan.
IMPALA PLATINUM HOLDINGS LIMITED -0.20% 221.55 End-of-day quote.9.73%
PLATINUM -0.01% 1039.272 Delayed Quote.-1.44%
All news about IMPALA PLATINUM HOLDINGS LIMITED
10/14South African rand pauses after strong gains; stocks rise
RE
10/13EMEA MORNING BRIEFING : Stocks to Struggle as Inflation Worries Mount
DJ
10/12Impala Platinum Holdings Limited Announces Board Changes
CI
10/07South African assets gain as global sentiment picks up
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09/28IMPALA PLATINUM : Belated Mandela Day joy for Kutlwanong School for the Deaf
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09/02Impala Platinum Holdings Limited Reports Earnings Results for the Full Year Ended June ..
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09/02S.African miner Impala Platinum earnings surge on higher output, metal prices
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Analyst Recommendations on IMPALA PLATINUM HOLDINGS LIMITED
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Financials
Sales 2022 127 B 8 778 M 8 778 M
Net income 2022 36 713 M 2 528 M 2 528 M
Net cash 2022 34 735 M 2 392 M 2 392 M
P/E ratio 2022 5,13x
Yield 2022 13,2%
Capitalization 177 B 12 215 M 12 222 M
EV / Sales 2022 1,12x
EV / Sales 2023 1,05x
Nbr of Employees -
Free-Float 95,9%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 221,55 ZAR
Average target price 285,25 ZAR
Spread / Average Target 28,8%
EPS Revisions
Managers and Directors
Nicolaas Johannes Muller Chief Executive Officer & Executive Director
Meroonisha Kerber Chief Financial Officer & Executive Director
Noluthando Dorian Bahedile Orleyn Chairman
Gerhard Potgieter Chief Operating Officer
Alastair S. Macfarlane Independent Non-Executive Director
Sector and Competitors