BusinessMarketsNewsSouthern Africa
Sibanye Stillwater half-year profit drops 50%
South African platinum group metals miner Sibanye Stillwater Ltd. reported a 50% slump in its half-year profit on Thursday, but raised its outlook for the rest of 2022 after operations at its gold mines in the country resumed.
Headline earnings per share – the main measure of corporate profits in South Africa – in the six months to June 30 were 423 cents, down from 843 cents a year earlier.
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