Loading...
See More

Implats predicts plunge in profit

Feb 11 2013 11:17 Reuters

Striking workers have become a familiar sight in the mining sector. (Pic: Felix Dlangamandla)

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 0
Change 5,8
% Change 0
Cumulative volume 4865046
Market cap 48.90bn

Last Updated: 18-12-2014 at 04:36. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

ANC Chief Whip says sorry to Implats

Implats warns of platinum deficit

Implats owes us millions, says family

Implats pay hikes to kick in on Monday

Implats caves in on pay demands

Implats to sell 51% stake to Zim locals

 

Johannesburg - Platinum miner Impala Platinum Holdings [JSE:IMP] said on Monday first-half profit likely plunged by as much as 79%, hit by rising costs and lower output.

The world second-largest miner of the white metal also said the results were weighed by a R603m writedown on payments it is owed.

Implats said headline earnings per share would be between 120 and 138 cents, or 76% and 79% lower in the six months to end-December.

By 08:48 GMT, shares in the company fell 3.4% at R159.55, lagging behind a flat JSE Top 40 - (Tradeable) [JSE:J200] index   

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

impala platinum holdings  |  mining
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...