Anglo American Platinum 1st Half Earnings Soared

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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