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Amplats’ FY earnings fall on impairments, restructuring costs

Platinum major Anglo American Platinum (Amplats) has warned that impairments and restructuring costs would result in it reporting lower earnings and headline earnings for the year ended December 31. Headline earnings and headline earnings per share (HEPS) for the year under review would be up to 92% lower than the headline earnings and HEPS of R786-million and 301c respectively in the prior comparative period.   Headline earnings would likely be between R60-million and R135-million, while HEPS would be between 25c and 55c.