Northam Platinum

Northam Platinum HEPS -82% to 445c, which matches the mid-point estimate in their guidance, while the BB estimate was for HEPS of 510c | Sales revenue -22.2% to R30.77bn | EBITDA -62% to R6.3bn | EBITDA margin halved to 20.4% (FY23: 41.7%) as the industry battles lower PGM prices | NPH has embarked on cost cutting initiatives & trimmed capex to R4.3bn | Cash on hand R7.5bn | Final div -72% to 170c.
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