Login ID:
Partner Login
Contact Us : 7066511911

Impala Platinum Holdings Swings to Loss in First Half

23 Feb 2017 5:27 am
   By Alexandra Wexler 

JOHANNESBURG--South African miner Impala Platinum Holdings Ltd. (IMP.JO) swung to a first half loss from a year-earlier profit, due to low platinum prices, a poor safety performance and other operational challenges.

The world's second-largest producer of platinum said it swung to a loss of 371 million South African rand ($28.5 million) from a year-earlier profit of ZAR204 million, in line with the company's guidance.

Revenue for the period rose 8.3% to ZAR18.2 billion, as gross group refined platinum production increased 13% to 778,500 ounces.

Write to Alexandra Wexler at alexandra.wexler@wsj.com

(END) Dow Jones Newswires

February 23, 2017 00:27 ET (05:27 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Top 5 Special Reports
USD/INR (Nov. 19) Bullish Breakout Confirmed Hold ...
USD/INR (Nov. 19) Bullish Breakout Confirmed Hold ...
Pigeon Pea (TUR) Spot (Mumbai INR) Bullish Primary Tr...
Pigeon Pea (TUR) Spot (BURMA USD) Close to a Bullish...
USD/INR (Nov. 19) Approaching Resistance Near 71.50 ...