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Higher rand PGM basket price contributes to 80% jump in Amplats' interim headline earnings

25th June 2019

By: Creamer Media Reporter

     

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Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) expects its headline earnings for the six months ended June 30 to be 80%, or R2.69-billion, higher year-on-year, mainly as a result of an increase in the rand PGM basket price.

The company had reported headline earnings of R3.36-billion for the six months ended June 30, 2018.

In a trading update published on Tuesday, Amplats said its basic earning a share for the six months to June 30 were likely to be 180%, or R3.92-billion, higher than the earnings of R2.18-billion reported in the prior comparable period.

Amplats will release its interim results on July 22.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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