Trans Hex Group Limited announced audited consolidated earnings and unaudited production results for the year ended March 31, 2019. For the period, the company reported revenue from contracts with customers was ZAR 312,556,000 against ZAR 204,685,000 a year ago. Operating profit was ZAR 35,883,000 against loss of ZAR 44,950,000 a year ago. Profit for the year was ZAR 144,063,000 against loss of ZAR 229,044,000 a year ago. Basic and diluted earnings per share was 127.8 cents against loss of 201.6 cents a year ago. Basic and diluted earnings per share from continuing operations were 58.9 cents against loss of 16.6 cents a year ago. Basic and diluted earnings per share from discontinued operations were 68.9 cents against loss of 185.0 cents a year ago. Total Headline earnings were ZAR 52,102,000 against loss of ZAR 189,995,000 a year ago. Headline earnings per share was 45.3 cents against loss of 165.0 cents a year ago. Headline earnings per share from continuing operations was 43.9 cents against 28.5 cents a year ago. Headline earnings per share from discontinued operations was 1.4 cents against 193.5 cents a year ago.

During the year, WCR operations production amounted to 123,884 carats compared to 173,920 carats in 2018. Production at Somiluana Mine, in which Trans Hex holds a 33% stake, amounted to 133,659 carats compared to 136,402 carats a year ago.

The company also provided production guidance for the 2020 financial year. Production from the shallow water operations for the 2020 financial year is expected to be in the order of 8,000 carats, compared to 2019 financial year actual production of 7,636 carats. Production results and geological work through drilling and bulk-sampling indicate that carat production for the 2020 financial year is expected to be in the order of 140,000 carats, compared to 2019 financial year actual production of 133,659 carats.