Amplats down, expects lower profits

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Amplats WorkerDriller

Independent Newspapers

Photo: Supplied.

Johannesburg - Shares of Anglo American Platinum fall more than 1 percent after it says its first-half earnings would drop by as much as 96 percent after a five-month strike crippled its operations.

Amplats said it expected headline earnings per share for the six months to end-June to fall to between 20 cents and 80 cents, from 514 cents a share in the same period last year.

Its shares are down 1.12 percent to 470.91 rand. - Reuters


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