Amplats sees profit jump after operations, prices improve | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • South African Airways

    A draft rescue plan calls for the injection of a further R4.6 billion into the struggling flag carrier.

  • Facebook

    Employees criticise Mark Zuckerberg’s inaction over Donald Trump's comments.


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


Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote