ARM to report contraction in FY16 earnings

August 19, 2016

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JSE-listed African Rainbow Minerals (ARM) expects its headline earnings for the year ended June 30 to decline by between 36% and 41%, hit by a contraction in the average US dollar commodity prices realised, partially offset by the weaker rand. Headline earnings a share are anticipated to decrease from 803c in 2015 to between 475c and 510c for the year under review.

Category: General