Amplats down, expects lower profits

Comment on this story
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



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines