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.