Amplats’ earnings fall due to lower PGM prices and restructuring costs
Amplats is working to deliver a ‘responsible and orderly separation’ from Anglo American by the end of 2025
22 July 2024 - 09:15
Anglo American Platinum has reported an 18% decline in earnings for the first half on lower PGM prices, one-off restructuring costs and inflation, which were partially offset by the group's cost reduction initiatives and higher sales volumes.
Revenue for the six months ended June was 19% lower at R52.2bn, the group said in a statement on Monday. Headline earnings were down 18% to R6.5bn, which translated into headline earnings per share of R24.65 from R29.84 a year ago...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.