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Angloplat profits fall

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REUTERS

Anglo American Platinum (AMS) on Monday reported a 30% decline in its diluted headline earnings per share to 1,354 cents for the year ended December 2011 from 1,929 cents a year ago.

A final dividend of R2 per share was declared, which together with the R5 interim dividend, made a total dividend of R7 per share.

Operating profit increased by 10% to R7.965 billion in 2011. Sales volume for the year was up 3% to 2.6 million ounces, but refined platinum production was down 2% to 2.53 million ounces. - I-Net Bridge

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