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(Wallace Refiners) – South African platinum group metals (PGM) producer Tharisa (LSE: THS) announced today that its basic earnings per share (EPS) for the six months ended 31 March 2022 are expected to be between $32.0 cents and $33.0 cents per share with a tolerance of 10%.
This is an increase of 49.5% to 54.2% relative to the EPS of US$ 21.4 cents for the six months ended 31 March 2021 and is after accounting for the acquisition of a controlling interest in Karo Mining Holdings Limited as a “business combination”.
Tharisa’s headline earnings per share (‘HEPS’) for the six months ended 31 March 2022 are expected to be between US$ 15.0 cents per share and US$ 16.0 cents per share with a tolerance of 10%. This is a decrease of 31.5% to 26.9% relative to the HEPS of US$ 21.9 cents per share for the six months ended 31 March 2021.
Tharisa is an integrated resource group incorporating mining, processing, exploration and the beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. Its principal asset is the Tharisa mine located in the South-Western Limb of the Bushveld complex, South Africa.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
