JOHANNESBURG (miningweekly.com) – Cost saving initiatives, paired with foreign exchange movements will see Anglo American Platinum (Amplats) post a 20% increase in earnings for the year to end December 31.
The company on Thursday said headline earnings are likely to be R21-million higher than the R107-million posted for 2015, while headline earnings a share are likely to be 8c higher than the 41c recorded in 2015.
Basic earnings are expected to increase by R2.43-billion year-on-year and earnings a share by 928c year-on-year.
The company posted a basic loss of R12.13-billion and a loss a share of 4.64c in the prior financial year, owing to asset impairments and write-offs.
Amplats will publish its financial results on February 15.