NORTHAM: 3,405 -71 (-2.04%)
Northam Platinum flags wider mid-year headline loss
JOHANNESBURG, Feb 9 (Reuters) - South Africa's Northam
Platinum Ltd said on Friday it expects a wider mid-year
loss despite its Zondereinde and Booysendal mines achieving
It expects a headline loss per share of 77.6 to 90.5 cents
for the six months which ended on Dec. 31 versus a loss of 64.7
cents a year earlier.
"The anticipated loss is attributable to the Zambezi
Platinum Limited preference share dividends, which are
consolidated in the group's results," the miner said in a
Northam said it expects both of the group's operating mines,
Zondereinde and Booysendal, to record an operating profit.
The company is scheduled to report its earnings on Feb. 23.
(Reporting by Nqobile Dludla; editing by Jason Neely)
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