The miner, which is valued at R220billion, closed 5.5percent higher on the JSE yesterday at R862.45 a share after attributing the significant earnings jump primarily to an increase in the rand PGM basket price.
Palladium and rhodium prices have lifted significantly since last year, helping local producers shrug off years of curtailment of capital investment that led to a jobs bloodbath.
Amplats, an Anglo American subsidiary, said headline earnings and headline earnings a share would be at least R2.69bn, or 1025cents, a share higher compared with the six months to the end of June 2018.
Headline earnings and headline earnings a share for the comparative period were R3.363bn and 1282c respectively. The miner said it expected basic earnings and basic earnings a share to be at least 180percent higher than the comparative period as a result of a higher PGM basket price and once-off impairments in 2018.