ANGLOPLAT:  82,709   -971 (-1.16%)  23/07/2019 00:00

South Africa's Amplats expects 80 pct jump in half-year earnings

JOHANNESBURG, June 25 (Reuters) - 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 2.69 billion rand ($188 million)more than the 3.363 billion rand earnings reported in the same period a year ago.

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

($1 = 14.3250 rand) (Reporting by Tanisha Heiberg Editing by Edmund Blair)

2019-06-25 09:07:22

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.