Amplats earnings surge on higher metal prices
A hugely improved forecast is largely thanks to better palladium and rhodium values, with a dash of enhanced cost control
25 June 2019 - 19:13
Anglo American Platinum expects to report an 80% jump in half-year earnings, bolstered by high metal prices, a weak rand and bold restructuring.
In a trading statement on Tuesday, ahead of the publication of its interim results in July, Amplats said headline earnings for the half-year period will be at least 80% higher than a year before, “primarily due to an increase in the rand PGM [platinum group metals] basket price”. ..
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