| Log In | Register Now
January 13, 2011 7:06 PM GMT
Anglo Platinum, the world's top producer of platinum, said on Thursday full-year profit likely rose as much as seven-fold, helped by higher metal prices.
Angloplat, majority-owned by global miner Anglo American, said it expects headline earnings per share to total as much as 1,965 cents in the year to end-December, compared with 289 cents a year earlier.
Headline EPS, the main profit gauge in South Africa, excludes certain one-time and non-trading items.
Shares of Angloplat gained 3.3 percent to 746 rand by 1335 GMT, outperforming Johannesburg's Top-40 index of blue chips, which was slightly higher.
AngloPlat said the results were boosted by a higher platinum prices. The precious metal gained about 20 percent in 2010. Platinum on Thursday hit its highest since July 2008.
We value your privacy. Your email address will not be shared.
