Gemfields Group Limited provided earnings guidance for the year ended 31 December 2019. In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, the company is reasonably certain that its net profit after tax will be USD 39.1 million for the year ended 31 December 2019 compared to a net loss after tax of USD 60.4 million for the year ended 31 December 2018. In ZAR terms, the net profit after tax is expected to be ZAR 565 million (ZAR 801 million net loss after tax for the comparative year). Earnings per share are expected to be 2.2 USD cents for the year ended 31 December 2019 compared to a loss per share of 5.0 USD cents for the comparative year. In ZAR terms, the earnings per share is expected to be ZAR 0.32 (ZAR 0.63 loss per share for the comparative period). Excluding the impairment charges at Kagem and other Gemfields subsidiary companies (and including the fair value gains in Jupiter and Sedibelo), the headline earnings per share is expected to be 1.0 USD cents for the year ended 31 December 2019 compared to headline loss per share of 3.0 USD cents for the year ended 31 December 2018. In ZAR terms, headline earnings per share is expected to be ZAR 0.14 (ZAR 0.43 headline loss per share for the comparative period).