RBPlat H1 profit falls 58.1% on lower metal prices, soaring costs

Royal Bafokeng Platinum on Tuesday reported a 58.1% decline in half-year profit on lower metal prices and higher mining costs.

RBPlat’s headline earnings per share, the main profit measure in South Africa, fell to R7.67 ($0.4638) in the six months to June 30, from R18.32 previously.