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Royal Bafokeng Platinum forecasts massive swing to profit in H1'16

Royal BafokengPlatinum Ltd. said July 13 that it expects to swing to earnings pershare and headline earnings per share for the first half of 2016, expecting thefigures to come it at between 71 South African cents and 81 cents.

This compares to a loss per share and headline loss pershare of 60.4 cents per share booked in the corresponding 2015 period. The companyswung to a loss attributableto owners of 115.6 million rand in the first half of 2015.

The company expects to release interim results Aug. 1.