Implats full-year earnings drop

Impala Platinum, the world’s second-largest platinum producer, on Thursday reported a 52% fall in full-year headline earnings per share to 1 001 cents from the 2 065 cents posted last year.

The company posted a 66% fall in profit to R6-billion for the year to end June 2009 from R17,7-billion for the year to end June 2008.

Full-year production declined 11% to 1,7-million ounces.

Implats declared a final dividend of R2 per share, bringing the total dividend to R3,20 a share.—I-net Bridge


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