Amplats expects earnings to drop

230114 Striking workers of anglo American platinum demanding R12 500 for increase.Photo Supplied

230114 Striking workers of anglo American platinum demanding R12 500 for increase.Photo Supplied

Published Jan 23, 2015

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Johannesburg - Anglo American Platinum expects its year headline earnings to fall between 40 and 55 percent because of a five-month strike at its South African mines last year.

Headline earnings per share are expected to be between 250 cents and 335 cents, the world's largest platinum producer said in a statement on Friday.

The Anglo American unit lost 532,000 ounces as a result of the strike by the Association of Mine Workers and Construction Union which ended in June last year. -Reuters

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