Highlights

– Outstanding safety performance in the group

– Headline earnings 12% higher

– Interim dividend increased by 67% to R10 per share

– Strong commodity prices

– Increased sales
volumes
for all
products

Commentary

Results

Headline earnings for the six months to 31 December 2017 (the current period) increased by 11,8% to R2,4 billion, compared to the same period in the previous financial year (the previous period, or 2016). This increase comprises higher headline earnings in Assmang Proprietary Limited (Assmang), which were 21,7% higher than 2016 and lower headline earnings from the rest of the group’s operations, which were 9,3% lower than 2016, at R701,8 million.