Financial Reports

Annual Report 2005

Group financial results for the year ended 30 June 2005

• Turnover increases by 33 percent
• Increased sales volumes for manganese and iron ore
• Improved performances from all operations
• Headline earnings increase by 349 percent
• Increased final dividend

Interim Results for the half-year ended 31 December 2004 

Annual Report 2004

Group financial results for the year ended 30 June 2004

• Turnover increases by 14 percent despite stronger rand
• Headline earnings increase by 5 percent
• Increased sales volumes and prices for all products
• First production from the new shaft complex at Nchwaning
• Strong performance in second half of the year: operating profit R392 million compared to R52 million at 31 December 2003

Group financial results for the half-year ended 31 December 2003

• Increased sales volumes for all products
• Headline earnings decreased by 97 per cent to R4 million due to stronger Rand/US Dollar exchange rate.

Annual Report 2003

Group financial results and dividend announcement for the year ended 30 June 2003

• Increased sales volumes for all products
• Headline earnings decrease by 54 percent to R204 million due to stronger Rand/US Dollar exchange rate

Group financial results for the half-year ended 31 December 2002

• Headline earnings increased by 14 per cent to R138 million
• Nchwaning Manganese Shaft Complex on schedule but the estimated cost has increased by R68 million to R585 million
• Higher sales volumes for all products

Group financial results for the year ended 30 June 2002

• Headline earnings increased by 92 per cent to R443 million
• Attributable earnings have increased by R756 million mainly as a result of the proceeds from the disposal of Dwarsrivier PGM's
• New Charge Chrome Furnace commissioned
• New Nchwaning Manganese Mine shaft on schedule and within Budget

Please note:

All annual reports prior to 2003 are available in hard copy only.

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