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RBPlat expects to post H1 loss

Cites lower prices, reduced output and the impact of a once-off tax charge.

South Africa’s Royal Bafokeng Platinum said on Monday it expected to swing into a loss in the first half of its financial year because of lower prices, reduced output and the impact of a once-off tax charge.

The company said in a statement it expected to post an interim headline loss per share of between 52 cents and 69 cents compared to earnings of 116 cents for the same period last year.

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