September 6, 2018 / 5:49 AM / 2 months ago

South Africa iron ore producer Assore's profit falls nearly 2 pct

JOHANNESBURG, Sept 6 (Reuters) - South African base minerals and metals producer Assore said on Thursday that its full-year profit fell 1.9 percent, impacted by a strong rand which offset favourable commodity prices.

Headline earnings per share (HEPS) came in at 4,953 cents, compared with 5,049 cents for the year ended 30 June 2017, the company said.

Headline EPS, which strips out certain one-off items, is the most widely watched profit measure in South Africa.

Assore declared a dividend of 22 rand ($1.42) per share.

$1 = 15.4410 rand Reporting by Patricia Aruo; Editing by Sunil Nair

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