South African bullion producer Harmony Gold Mining on Thursday said it expects to post a profit in the first half, as the average price it received for the yellow metal jumped 19%.
Headline earnings per share (HEPS) is expected to be 249 South African(SA) cents for the six months ended Dec. 31, from a loss of 6 SA cents in the previous year, the company said.
Harmony said it restated its first-half 2018 results to a headline loss per share of 6 SA cents from earnings of 14 SA cents per share.
HEPS is the main profit measure in South Africa and strips out certain one-off items.
Production in the half-year, however, slipped 8% due to lower grade of metal it recovered.
(By Shanima A; Editing by Bernard Orr)
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