{"id":14226,"date":"2012-09-03T15:39:37","date_gmt":"2012-09-03T13:39:37","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/update-1-s-africas-arm-earnings-edge-up-outlook-subdued\/"},"modified":"2012-09-03T15:39:37","modified_gmt":"2012-09-03T13:39:37","slug":"update-1-s-africas-arm-earnings-edge-up-outlook-subdued","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-arm-earnings-edge-up-outlook-subdued\/","title":{"rendered":"UPDATE 1-S.Africa’s ARM earnings edge up, outlook subdued"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* FY headline EPS at 16.15 rand vs 15.85 rand<\/span><\/p>\n

<\/span><\/p>\n

* FY Sales up 18 pct to 17.53 bln rand<\/p>\n

(Adds details)<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, Sept 3<\/span> (Reuters) – South African diversified
\nminer African Rainbow Minerals (ARM) posted a slight
\nincrease in full-year earnings on Monday, boosted by higher
\nsales across most of its commodities, but said the outlook
\nremained challenging.<\/p>\n

<\/span><\/p>\n

ARM, which has interests in nickel, coal, platinum, iron
\nore, chrome and manganese, said headline earnings per share for
\nthe year to the end-June rose to 16.15 rand, a 2 percent
\nincrease from 15.85 rand.<\/p>\n

<\/span><\/p>\n

Headline EPS is the main profit gauge in South Africa and
\nstrips out certain one-time items. Sales rose 18 percent to
\n17.53 billion rand ($2.08 billion).<\/p>\n

<\/span><\/p>\n

ARM said its Lubambe copper project in Zambia was
\nprogressing on time and within budget, with the commissioning of
\nthe plant expected by the end of the current financial year.<\/p>\n

<\/span><\/p>\n

An expansion project to lift production at its Khumani iron
\nore mine in South Africa was completed ahead of schedule and
\nbelow budget.<\/p>\n

<\/span><\/p>\n

Demand for commodities is expected to remain challenging in
\nthe year ahead on the back of a subdued global growth outlook,
\nit said.<\/p>\n

<\/span><\/p>\n

“Demand fundamentals in the platinum group metals, nickel
\nand chrome markets are expected to remain subdued in the short
\nterm due to uncertainty in the developed markets and over
\nsupply,” ARM said, adding that the long-term outlook for those
\ncommodities was positive.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* FY headline EPS at 16.15 rand vs 15.85 rand * FY Sales up 18 pct to 17.53 bln rand (Adds details) JOHANNESBURG, Sept 3 (Reuters) – South African diversified miner African Rainbow Minerals (ARM) posted a slight increase in full-year earnings on Monday, boosted by higher sales across most of its commodities, but said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14226"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14226\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}