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Amplats flags at least 20% rise in 2017 headline earnings

Anglo American Platinum Ltd. said Dec. 15 that it expects its headline earnings for 2017 to be at least 20% higher than 2016, by about 373 million South African rand, or 1.43 rand per share.

The company booked headline earnings of 1.87 billion rand, or 7.13 rand per share, in 2016. Amplats also estimates its 2017 basic earnings will increase by at least 20%, by 126 million rand, or 48 cents per share.

Amplats, however, said it is unable to provide specific guidance on its expected financial results for 2017, which are scheduled to be released Feb. 19, 2018.

The group will provide another trading statement closer to that date.