By Anthony O. Goriainoff
Impala Platinum Holdings Ltd. stated Thursday that gross revenue for fiscal 2021 rose as income elevated, and that though within the close to time period platinum prospects remained muted there was a rising momentum for growth of the hydrogen financial system.
For the yr ended June 30, the South African platinum miner stated it made a gross revenue of 53.5 billion South African rand ($3.71 billion), in contrast with a revenue of ZAR23.27 billion for fiscal 2020.
Income was ZAR129.6 billion in contrast with ZAR69.85 billion the yr earlier than and consensus of ZAR134.98 billion taken from FactSet and primarily based on seven analysts’ forecasts, the corporate stated.
Headline earnings have been ZAR36.36 billion, in contrast with ZAR16.13 billion the yr prior, with headline earnings per share coming in at ZAR46.35, in contrast with ZAR20.75 for fiscal 2020, Impala Platinum stated.
The Johannesburg-listed firm had beforehand 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 ultimate dividend of ZAR12, in contrast with ZAR4 within the yr prior.
“Implats’s steadiness sheet is robust, with a considerable closing internet money steadiness and elevated funding flexibility via upsized and refinanced services,” the corporate stated.
Write to Anthony O. Goriainoff at [email protected]
(END) Dow Jones Newswires
September 02, 2021 01:50 ET (05:50 GMT)
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