Concargo
BusinessCompany NewsFinanceMarketsProfit & Loss

Amplats expects half-year earnings to double

Anglo American Platinum (Amplats) on Tuesday said it expects half-year earnings to double, raising its outlook on higher metals prices and a stockpile gain of 1.0 billion rand ($72 million).

Amplats, which previously flagged an 80% increase, said it now expects headline earnings per share (HEPS) for the six months to June 30 of 2,671 to 2,924 cents per share, an increase of 108% to 128%, compared with 1,282 cents A year earlier.

HEPS strips out certain one off items and is the main profit measure used in South Africa.

AdvertisementSuppliers Directory

Amplats will release its results on July 22.

Advertisement

Updated:

Country
Close