{"id":8297,"date":"2012-02-24T14:34:30","date_gmt":"2012-02-24T12:34:30","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-northam-h1-earnings-more-than-double-on-production\/"},"modified":"2012-02-24T14:34:30","modified_gmt":"2012-02-24T12:34:30","slug":"update-1-northam-h1-earnings-more-than-double-on-production","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-northam-h1-earnings-more-than-double-on-production\/","title":{"rendered":"UPDATE 1-Northam H1 earnings more than double on production"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* H1 headline EPS 51.8 cents vs 20.9 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Declares dividend of 5 cents per share<\/p>\n<p> (Adds results details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 24 (Reuters) &#8211; Northam Platinum<br \/>\n, one of South Africa&#8217;s smaller platinum producers, said<br \/>\non Friday its first-half earnings more than doubled due to<br \/>\nsignificantly improved production and a higher average price.<\/p>\n<p><span><\/span><\/p>\n<p>Diluted headline earnings per share totalled 51.8 cents for<br \/>\nthe six months to end-December from 20.9 cents a share in the<br \/>\nsame period a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline earnings are the main profit gauge in South Africa,<br \/>\nand strip out certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>The company declared an interim dividend of 5 cents a share.<\/p>\n<p><span><\/span><\/p>\n<p>Production of metals in concentrate amounted to 4,592kg<br \/>\n(147,636 ounces) in the six months, 27 percent higher than the<br \/>\n3,629kg (116,665 ounces) produced the year before.<\/p>\n<p><span><\/span><\/p>\n<p>The company expects production in the second half of the<br \/>\nyear to be lower owing to the increased number of public<br \/>\nholidays in the period. It said its production was also highly<br \/>\ndependent on geological conditions.<\/p>\n<p><span><\/span><\/p>\n<p>But it said if the rand basket price were to remain at<br \/>\ncurrent levels of 335,000 rand per kilogram earnings would be<br \/>\nhigher.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* H1 headline EPS 51.8 cents vs 20.9 cents * Declares dividend of 5 cents per share (Adds results details) JOHANNESBURG Feb 24 (Reuters) &#8211; Northam Platinum , one of South Africa&#8217;s smaller platinum producers, said on Friday its first-half earnings more than doubled due to significantly improved production and a higher average price. Diluted [&hellip;]<\/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-8297","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\/8297","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=8297"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}