Anglo American Platinum 1st Half Earnings Soared
26 July 2021 - 4:37PM
Dow Jones News
By Jaime Llinares Taboada
Anglo American Platinum Ltd. on Monday reported that its
earnings soared in the first half of the year, reflecting higher
production and prices received.
The precious metals miner, which is majority owned by Anglo
American PLC, made headline earnings of 46.4 billion rand ($3.12
billion) in the six months to June, up from ZAR6.9 billion in the
same period of 2020.
Adjusted earnings before interest, taxes, depreciation and
amortization increased to ZAR63.3 billion from ZAR13.1 billion.
This was as the dollar-denominated basket price per ounce sold
jumped 47% year-on-year, and production rose 28%.
The company declared a base and special dividend amounting to
ZAR175 per share.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 26, 2021 02:34 ET (06:34 GMT)
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