Headline earnings for the six months to 31 December 2012 decreased by 46,5%, to R1 106 million,
compared to the same period in the previous financial year. This is due mainly to decreased earnings of
Assmang Limited (“Assmang”) for the period, together with reduced commissions earned on lower turnover
within the Group.
Assore holds a 50% interest in Assmang, which is proportionately consolidated in accordance with International
Financial Reporting Standards (“IFRS”). Assmang’s headline earnings declined by 46,3% to R2 122 million
compared to the same period in the previous financial year.read more »