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Amplats sees up to 2-fold jump in FY profit

The South African company said its headline earnings were likely to jump by between 83% and 103%, or 2,715 cents and 3,010 cents per share.

A file picture taken on 16 January 2013 shows a direction sign at Anglo American Platinum mine in Rustenburg, northwest of Johannesburg.  Picture: AFP

JOHANNESBURG – The world’s No.1 platinum miner Anglo American Platinum said on Tuesday it expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance.

The South African company said its headline earnings were likely to jump by between 83% and 103%, or 2,715 cents and 3,010 cents per share.

Headline EPS is the main profit measure in South Africa that strips out certain one-off items.