News Formal

Anglo American Platinum declares bonus dividend despite lower earnings | Fin24

  • 📰 News24
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Anglo American Platinum has declared a gross interim dividend of R21.5 billion, or R81 per share, despite headwinds and a drop in earnings in the six months ended in June. | Fin24

The Mogalakwena open-pit mine in Limpopo was impacted by high rainfall

The dividend is comprised of an R41 per share base dividend, which is equal to 40% of the headline earnings and in line with the company’s dividend policy. Plus, an R40 per share"special dividend" equal to 40% of headline earnings as a bonus dividend. This comes despite a 42% decline in interim headline earnings to R26.7 billion, compared with R46.4 billion in the first half of the 2021 financial year. Net revenue was 20% lower at R85.6 billion, while net cash dropped from R175 billion to R81 billion.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fin24 Foreign companies making billions in our country..where is Put SA First to defend this money so it stays in SA and benefit SAns?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's Amplats reports 43% drop in half-year profit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s Anglo American Platinum (Amplats) on Monday reported a 43% fall in half-year profit due to weaker Platinum Group Metal (PGM) prices and lower volumes compared with record sales a year ago.
Source: SABCNews - 🏆 37. / 51 Read more »