SALIENT FEATURES

Financial results:

Revenue
from continuing operations,
increased by 10% to

R11,8 billion

Diluted continuing HEPS,
increased by 104% to

55 cents

Attributable earnings increased
by 283% to

R110 million

Cash, net of debt,
increased by 18% to

R1,3 billion

Order book for continuing
operations declined by 10% to

R22,1 billion


  • Strong performance and earnings growth reported by the Underground Mining platform, which is the largest contributor to Group earnings.
  • Acquisition of a further 17% interest (total shareholding now at 50%) in the Bombela Concession Company (RF) (Proprietary) Limited (“BCC”) – an investment yielding strong returns.
  • Improvement in Group financial performance is mainly due to a reduced loss in the Middle East and the one-off charge relating to the Voluntary Rebuild Programme incurred in the prior period, not repeated in the current period.
  • Lost time injury frequency rate (“LTIFR”) deteriorated to 1.19 (FY2017 H1: 0.56). Regrettably, one fatal incident occurred.