Anglo Platinum's half-year earnings expected to be sharply down

The earnings of Anglo American Platinum (Amplats) for the first half of this year are expected to be sharply down. Headline earnings and headline earnings per share (HEPS) are likely to decrease by between 65% and 75%. Compared with R26.7-billion in the first half of last year, headline earnings are likely to be between R6.7-billion and R9.4-billion, the company informed the Johannesburg Stock Exchange News Service (SENS) on Monday.