Northam Platinum flags wider mid-year headline loss

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 operating profits.

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 statement.

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)

2018-02-09 10:48:38

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