Harmony Gold sees H1 headline EPS up 40%-60%

|About: Harmony Gold Mining Company... (HMY)|By:, SA News Editor

Harmony Gold (HMY -1.5%) says it expects a 40%-60% Y/Y increase in headline earnings to 210-240 South African rand for the half-year ended last December vs. 150 rand reported in the prior-year period, but the guidance comes in below the 2.58 analyst consensus estimate.

In U.S. dollar terms, HMY forecasts $0.15-$0.18/share for the half-year vs. $0.11 a year ago.

HMY says headline earnings are higher due to an improved operational performance recorded by its South African operations.