Amplats share price rises after declaration of double HEPS for 2017
Anglo American Platinum bucks the stock market rout with its share rising as much as 5.3% after declaring headline earnings per share growing more than 96%
06 February 2018 - 14:44
Anglo American Platinum (Amplats) managed to buck Tuesday’s stock market rout, rising as much as 5.3% to R348.50 after saying it expected to report doubled earnings.Amplats said it expected to report on February 19 that its headline earnings per share (HEPS) for the year to end-December grew between 96% and 114% to between R13.92 and R15.26, from R7.13 in 2016.The doubled earnings were thanks to a strong operational performance, strict cost control and higher platinum group metal (PGM) sales volumes, together with a 2% increase in the rand basket price.HEPS excluded once-off impairments totaling R3.9bn.
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