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Implats sees up to 20% fall in H1 profits

South Africa’s Impala Platinum (Implats) said on Monday it expected half-year profits to fall by as much as 20% due to lower rand prices for its main commodity. Headline earnings per share – a measure of profit which strips off certain one-off items – will be between 50c and 59c, a decline of between 20% and 10%.