Amplats warns of big drop in headline earnings

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The weaker results are due to weaker PGM sales, the diversified mining giant said

Precious metals group Anglo American Platinum has warned that its profit could more than halve as a result of lower platinum group metals sales volumes.

The company, valued at R328.5bn on the JSE, said on Monday in a trading statement for the 12 months to end-December, that it expected headline earnings would drop 33%-52% year on year to R38bn-R53bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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