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Amplats expects 80% jump in half-year earnings

On the back of increased metals price and one-off impairments that weighed on results in the same period a year earlier.

Anglo American Platinum (Amplats) said on Tuesday it expected its half-year earnings to rise by at least 80%, helped by an increased metals price and one-off impairments that weighed on results in the same period a year earlier.

Amplats said headline earnings for the six months ending June 30 were expected to be R2.69 billion more than the R3.363 billion earnings reported in the same period a year ago.

Amplats is expected to report its half-year results in July, 22.

 

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