ANGLOPLAT:  125,618   -60 (-0.05%)  07/12/2019 00:00

South Africa's Amplats expects half-year earnings to double

JOHANNESBURG, July 16 (Reuters) - Anglo American Platinum (Amplats) on Tuesday said it expects half-year earnings to double, raising its outlook on higher metals prices and a stockpile gain of 1.0 billion rand ($72 million).

Amplats, which previously flagged an 80% increase, said it now expects headline earnings per share (HEPS) for the six months to June 30 of 2,671 to 2,924 cents per share, an increase of 108% to 128%, compared with 1,282 cents A year earlier.

HEPS strips out certain one off items and is the main profit measure used in South Africa.

Amplats will release its results on July 22.

($1 = 13.8822 rand) (Reporting by Tanisha Heiberg; editing by Jason Neely)

2019-07-16 09:14:03

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