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Harmony Gold expects higher annual profit

Miner gets boost from increased production and lower impairments.
Harmony Gold sees Heps increasing between 191 and 226 cents in 2019. Picture: Supplied

South African bullion producer Harmony Gold full-year profits are expected to rise by as much as 32% boosted by increased production and profit from its from Moab Khotsong and Hidden Valley operations and lower impairments.

Headline earnings per share (Heps) for the financial year ended June 30 is expected to be between 191 and 226 cents, up from 171 cents a year earlier.

Heps strips out certain one-off items and is the main profit measure in South Africa.

Harmony will publish its financial results on August 20. 

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