Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF), the platinum and chrome miner, said headline earnings per share (HEPS) for the six months ended March 31 are expected to be between 12.5 cents and 13.5 cents per share with a tolerance of 10%.
This is a decrease of 23.3% to 29.0% relative to the HEPS of 17.6 cents per share for the comparable period last year.
Basic earnings per share are expected to be between 12.5 cents and 3.5 cents per share with a tolerance of 10%, a decrease of between 22.4% to 28.2% relative to the EPS of 17.4 cents a year earlier.
Earnings have been impacted by the nearly 40% drop in PGM prices received and increased cost pressures, according to Tharisa’s statement.