Amplats slashes dividend as interim profit falls almost R19bn

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The platinum metals group cut its interim payout by more than four-fifths after earnings plunged

The interim profit of Anglo American Platinum plunged almost R19bn as total PGM production fell and metal prices declined, leading to the platinum metals group slashing its half-year dividend by more than four-fifths.

Valued at about R239.2bn on the JSE, the world’s largest primary producer of platinum said in its results for the six months to end-June that net profit fell 70.4% year on year to R7.9bn and headline earnings per share by a similar margin to R29.84...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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