- South African diversified mining company African Rainbow Minerals said today its headline earnings for FY23 are expected to decrease by between 18% and 27% compared to the corresponding financial year ended 30 June 2022 .
ARM added that basic earnings for FY23 are expected to decrease by between 33% and 42% to between R7,207 million and R8,325 million . "The adverse impact on earnings was partially mitigated by the weaker Rand versus US Dollar exchange rate," ARM said in a press release.
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