GFIELDS: 7,984 -6 (-0.08%)
South Africa's Gold Fields flags lower H1 earnings
JOHANNESBURG, Aug 2 (Reuters) - South Africa's Gold Fields
Ltd expects interim earnings to have fallen by as much
as 15% despite an increase in metal output after the inclusion
of its joint venture with Asanko Gold, it said on Friday.
Headline earnings per share (HEPS) for the six months ending
June 30 are expected to be between 10% and 15% lower, in a range
of U.S. 6.8 cents to U.S. 7.2 cents per share compared with U.S.
8 cents per share during the same period a year ago.
HEPS, which strips out certain one-off items, is the main
profit measure used in South Africa.
Attributable gold output rose 9% to 1.083 million ounces in
the period from 994,000 ounces a year before, after including
the contribution from the Asanko operation in Ghana.
Gold Fields is expected to release its interim results on
(Reporting by Tanisha Heiberg; Editing by Jan Harvey)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.