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)
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