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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)

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