Pallinghurst trading statement
Pallinghurst is reasonably certain that its net profit after tax will be US$45 million for the year ended 31 December 2016 compared to a net loss after tax of US$149 million for the year ended 31 December 2015, an increase of 130%. In ZAR terms net profit after tax will be ZAR656 million (ZAR1.9 billion net loss after tax for the comparative period), an increase of 135%.
The earnings and headline earnings per share is expected to be USc 6.0 for the year ended 31 December 2016 compared to a loss and headline loss per share of USc 20.0 for the year ended 31 December 2015. In ZAR terms earnings and headline earnings per share will be ZAR0.86 (ZAR2.50 loss and headline loss per share for the comparative period).
Net Asset Value (“NAV”): US$367 million (2015: US$322 million)
NAV Per Share: US$0.48 (2015: US$0.42) an increase of 14%.
The financial information on which this trading statement is based has not been reviewed or reported on by Pallinghurst’s auditors. Pallinghurst’s financial results for the year ended 31 December 2016 are expected to be released on SENS on 28 March 2017.