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Amplats H1 earnings jump on higher PGM prices

The precious metals producer declared an interim dividend of R11 per share, compared with R3.74 during the same period a year ago.

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 - South Africa’s Anglo American Platinum (Amplats) half-year earnings more than doubled after higher metals prices and a stock count adjustment lifted profit, the company said on Monday.

Amplats said headline earnings per share (HEPS) for the six months to 30 June rose to R28.15 ($2.02)per share, an increase of 120%, compared with R12.82 a year earlier.

The precious metals producer declared an interim dividend of R11 per share, compared with R3.74 during the same period a year ago.

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