At first glance, its earnings for 2022 look a damp squib compared with 2021. Adjusted Ebitda – earnings before interest, taxes, depreciation and amortisation – were down 32% to R73.9-billion. The dividend per share was 62% lower to R115/share or R30-billion. And so on.
“This financial year has seen us navigate a complex operating environment, with macro-economic challenges, supply chain disruptions, socioeconomic unrest, and electricity load-curtailment, as well as some operational headwinds of our own. However, we have seen good levels of resilience across our operations,” said CEO Natascha Viljoen.
Lower grades – which refer to the amount of metal per tonne of rock mined – at the jewel in Amplats’ crown, its mechanised Mogalakwena mine, and delays in the planned rebuilding of its Polokwane smelter because of “substandard materials”, impacted sales and reduced revenue by 24%. Cost inflation also ate into margins.
Safety must always be a priority over profit!
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Headline earnings fall for AmplatsAnglo American Platinum, the world’s biggest platinum producer, declared a R9bn final dividend in 2022 after headline earnings fell on softer metal prices and a decline in sales volumes.
مصدر: SundayTimesZA - 🏆 47. / 51 اقرأ أكثر »
Headline earnings fall for AmplatsAnglo American Platinum, the world’s biggest platinum producer, declared a R9bn final dividend in 2022 after headline earnings fell on softer metal prices and a decline in sales volumes.
مصدر: TimesLIVE - 🏆 28. / 59 اقرأ أكثر »
High costs and lower volumes slash Amplats earnings nearly 40%The full dividend for 2022 will be about 60% smaller than 2022’s R80bn pay out
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »