Anglo American Platinum 1st Half Profit Fell on Lower Sales Volumes
25 Julho 2022 - 4:15AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American Platinum Ltd. on Monday reported that profits
fell in the first half of 2022, reflecting lower sales.
The South African precious metals company, which is majority
owned by Anglo American PLC, said that its basic earnings dropped
to 26.7 billion rand ($1.59 billion) in the six months ended June
30 from ZAR46.4 billion a year earlier.
Adjusted earnings before interest, taxes, depreciation and
amortization fell 32% to ZAR42.8 billion.
The company said that this reflected lower sales volumes
compared with the first half of 2021, when it recorded increased
refined production due to higher-than-normal inventory.
Anglo American Platinum said that it expects to achieve its
current full-year guidance, but warned of potential headwinds such
as further Covid-19-related disruptions and load-shedding by South
Africa's utility Eskom.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 25, 2022 03:00 ET (07:00 GMT)
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