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Gijima sees bigger earnings loss

Martin Czernowalow
By Martin Czernowalow, Contributor.
Johannesburg, 23 Sept 2013

Gijima has advised shareholders that it expects its loss per share - for the 12 months ended 30 June - to widen to between 20.52c and 19.46c. This is compared to a loss per share of 5.28c for the 12 months ended 30 June 2012.

According to the company, discontinued operations, as a consequence of the once-off impact of the disposal of MineRP, contributed a profit of 8.09c to the earnings per share loss. Gijima concluded the disposal of its mining technology and consulting businesses in November 2012.

"The headline loss per share (HEPS) for the 12 months ended30 June 2013 (continuing and discontinued operations) is expected to increase to between 26.34c and 25.29c from the HEPS loss per share of 5.27c for the 12 months ended 30 June 2012. Discontinued operations contributed a loss of 0.93c to the expected HEPS loss," Gijima says in a statement.

The company is currently finalising its results for the 12 months ended 30 June 2013, which are planned for release on 30 September 2013.

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