Amplats reports headline earnings of R1.867bn

Johannesburg - Anglo American Platinum [JSE:AMS] announced its results for the year ended 31 December 2016 on Wednesday.

The company reported headline earnings of R1.867bn.

Anglo American said it will report underlying earnings in respect of Anglo American Platinum of $65m for the year ended 31 December 2016, which takes into account certain adjustments.

Underlying earnings is defined as profit attributable to equity shareholders before special items and re-measurements, and is, therefore, presented after net finance costs, income tax and non-controlling interests.

Special items are those items of financial performance that the group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the group.

Restructuring costs incurred over the period were $14m (about R182m).