Royal Bafokeng Platinum 2018 earnings down 55.7%

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The platinum producer says its focus for 2019 will be on achieving strategic objectives through maintaining earnings growth.

Royal Bafokeng Platinum on Tuesday reported a 55.7% drop to 25 cents in its headline earnings per share for the year ended December 31.

Despite the reduction in output from its Bafokeng Rasimone Platinum Mine , Royal Bafokeng said its overall platinum ounce production increased 12.7% year-on-year with the inclusion of Styldrift’s on-reef development.

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