Amplats sees profit jump after operations, prices improve | Fin24
 
  • Money Flows

    About 3 000 super-rich have left SA in the past 10 years, according to a new report.

  • Nelson Mandela

    Madiba would have been alarmed at the polarisation and hate speech in SA, says Derek Hanekom.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Amplats sees profit jump after operations, prices improve

Jul 16 2018 16:27
Felix Njini, Bloomberg

Anglo American Platinum [JSE:AMS] has said it expects to report a fourfold increase in first-half profit after operations improved and metal prices rose.

The world’s biggest platinum miner’s so-called headline earnings, which exclude some once-off items, are likely to be between R3.28bn and R3.42bn, the Johannesburg-based company said in a statement on Monday.

"The expected increase in headline earnings and basic earnings is due to improved operational performance of the company and improvement in the rand basket price for the period," Anglo Platinum said.

Earnings will also be higher after the year-ago period included impairments of R2.2bn.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

amplats  |  mining  |  companies
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...