[miningmx.com] — KUMBA Iron Ore said on Monday an increase in export iron ore prices has substantially lifted its full-year earnings.
Releasing a trading statement, the company said its headline earnings per share and earnings per share for the 2011 financial year were expected to be between R51.40 and R55.80.
“Headline earnings per share and earnings per share reported for the comparative period were R44.67 and R44.66 respectively,” read a company statement.
“The increase in earnings is largely attributable to an increase in export iron
ore prices in the period.”
Kumba would release its full results on February 9.
