Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,856.96
    -2,010.44 (-3.20%)
     

  • CMC Crypto 200

    1,259.37
    -98.64 (-7.27%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • Dow

    39,512.84
    +125.08 (+0.32%)
     

  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     

  • Gold

    2,366.90
    +26.60 (+1.14%)
     

  • Crude Oil

    78.20
    -1.06 (-1.34%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Amplats expects first-half profit to more than quadruple

Reuters
FILE PHOTO - A cow is seen near the AngloAmerican sign board outside the Mogalakwena platinum mine in Mokopane , north-western part of South Africa , Limpopo province May 18, 2016. REUTERS/Siphiwe Sibeko/File Photo (Reuters)

JOHANNESBURG (Reuters) - South Africa's Anglo American Platinum <AMSJ.J> (Amplats) flagged a more than 350 percent increase in half-year profit boosted by improved operational performance and a more favourable rand basket price for the metal.

Amplats said it expects headline earnings per share (HEPS) to come in between 1,249 cents ($0.94) and 1,302 cents per share for the six months ended June 30, compared with 285 cents per share a year earlier.

HEPS is the main profit measure used in South Africa that strips out certain one-off items.

(Reporting by Tanisha Heiberg, editing by Louise Heavens)