ARM lifts headline earnings, despite difficulties facing the mining sector

Notwithstanding a difficult operational period for South Africa’s embattled mining industry, diversified miner African Rainbow Minerals (ARM) increased its headline earnings per share (HEPS) for the financial year ended June 30 by 9% year-on-year to R27.18 a share. This compares with the HEPS of R25.26 reported for the 2018 financial year.