Tharisa PLC - Cyprus-headquartered platinum miner - Warns that depressed prices of platinum group metals and soaring costs will likely hurt its interim earnings. Expects earnings per share to drop to a range of between 12.5 US cents and 13.5 cents for the first six months that ended March 31, from 17.4 cents a year earlier. Headline EPS is also seen declining to between 12.5 cents and 13.5 cents, compared to 17.6 cents. Says PGM prices plunged nearly 40%, while cost pressures mounted.
Tharisa expects to release its interim financial results on or about Thursday.
Current stock price in London: 75.00 pence, down 2.6% on Tuesday afternoon
12-month change: down 13%
Current stock price in Johannesburg: ZAR17.01, down 6.3%
12-month change: down 17%
By Artwell Dlamini, Alliance News reporter
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Tharisa (THS)