Implats’ earnings for the year to the end of June followed the same general path as its domestic rivals: profits declined from record levels on lower prices and production, but remained much higher than is usually the case.
Headline earnings of R32-billion were 12% lower than in the previous financial year, while Ebitda – earnings before interest, depreciation, taxes and amortisation – fell about 13% to almost R53.4-billion. The board declared a final dividend of 1,050 cents per share, bringing the total dividend for the year to 1,575 cents per share, down from 2,200 cents last year.
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