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Anglo American Platinum declares bonus dividend despite lower earnings | Fin24

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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.

 

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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?

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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 »