The strength of the South African Rand against pound sterling in the year to end June 2017 means Pan African Resources PLC (LON:PAF) is expecting to report lower EPS (earnings per share), it told investors.
Under Johannesburg Stock Exchange rules a firm must disclose if it believes results will differ by at least 20% from those of the previous corresponding period.
Using the average ZAR:GBP exchange rate 17.25:1 during the year, which was 19.6% higher than the average rate in the 2016 year, the firm now expects EPS to be 24% to 13% lower than the 1.41 pence for the prior reporting period, it said in a statement.
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Full year results to be released on September 21
This means the figure is expected to be between 1.07 pence and 1.22 pence.
The HEPS (Headline EPS): is now expected to be 22% to 12% lower than the 1.41 pence for last year.
This means headline EPS for the 12 months to end June 2017 is expected to be between 1.10 pence and 1.24 pence.
The firm's year end results will be released on September 21 this year.
PAF shares in London eased 2.84% lower at 14.12p.