Shareholders are advised that the audited 2018 Annual Financial Statements contain the following modification to the reviewed consolidated provisional financial statements for the year ended 30 June 2018 released on the Stock Exchange News Service (SENS) of the JSE Limited on Friday, 7 September 2018.
Shareholders are advised that the Company's 2018 Integrated Annual Report (which includes the Notice of Annual General Meeting) and the 2018 Annual Financial Statements were distributed to shareholders on 30 October 2018.
The ARM Board of Directors (the Board) announces headline earnings of R4 814 million for F2018 (F2017: R3 196 million) which include a net fair value gain of R977 million as a result of the ARM Coal debt restructure. Excluding this fair value gain, headline earnings are 20% higher driven mainly by improved headline earnings from the manganese division, Modikwa Mine and the PCB operations.
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the corresponding period.
ARM and Glencore Operations South Africa Proprietary Limited ("GOSA"), a wholly owned subsidiary of Glencore Holdings South Africa Proprietary Limited ("GHSA"), hold 51% and 49% of the issued share capital in ARM Coal Proprietary Limited ("ARM Coal"), respectively. ARM Coal and GOSA, own and operate the Goedgevonden coal mine operation ("GGV") through an unincorporated joint venture in which ARM Coal and GOSA hold 51% and 49% participation rights, respectively.
The ARM Board of Directors (the Board) announces a 15% increase in headline earnings for the six months ended 31 December 2017 to R1 945 million (1H F2017: R1 693 million). This increase was mainly as a result of improved headline earnings from the Manganese Division, ARM Coal, Modikwa Mine and ARM Copper. Full release
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Full release
Further to the announcement released on the Stock Exchange News Service of the JSE Limited on Tuesday, 15 August 2017, ARM shareholders are advised that all conditions precedent pertaining to the Disposal have now been fulfilled. Full release
The shareholders of ARM (“Shareholders”) are advised that at the annual general meeting of Shareholders (“Annual General Meeting”) held on Friday, 1 December 2017, in terms of the notice of Annual General Meeting distributed to Shareholders on 26 October 2017. Full release
ARM has noted with concern the questions raised about KPMG’s governance and ethics compliance as well as allegations regarding the lawfulness of KPMG’s conduct. Full release
In accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, the Company hereby advises that Mr David Noko and Mr Jan Steenkamp have been appointed to the Board of Directors. Full release
The ARM Board of Directors (the Board) announces a 204% increase in headline earnings for the financial year ended 30 June 2017 (F2017) to R3 196 million (F2016: R1 051 million). The significant increase was mainly as a result of higher US Dollar prices realised for all the commodities in ARM's portfolio relative to the previous corresponding year. Full release
Provisional results for the year ended 30 June 2018 (PDF - 1.2MB)
Provisional results for the year ended 30 June 2018 (PDF - 1.7MB)
Interim results for the six months ended 31 December 2017 (PDF - 1.7MB)
Provisional results for the year ended 30 June 2017 (PDF - 1.6MB)
JSE: ARI
13047 -4.59%
Last updated at: 17:00
| Rand/US$ | 14.10 | -0.01% |
| Platinum | 844.80 | 0.09% |
| Palladium | 1124.40 | -4.06% |
| Rhodium | 2550.00 | 0.39% |
| Copper | 6260.00 | 1.28% |
| Nickel | 11200.00 | -0.71% |
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