ANGLO AMERICAN PLC 24 July 2017 | |
Anglo American plc notification: Anglo American Platinum Limited interim results 2017 | |
Anglo American wishes to draw attention to Anglo American Platinum Limited's announcement of its results for the six months ended 30 June 2017. Anglo American Platinum Limited reported headline earnings of R747 million.
Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of $37 million for the six months ended 30 June 2017, which takes into account certain adjustments.
$ million | 6 months ended 30.06.17 | 6 months ended 30.06.16 | Year ended 31.12.16 |
Anglo American Platinum Headline earnings | 56 | 107 | 126 |
Restructuring costs | - | 14 | 14 |
Other adjustments | (6) | (10) | (23) |
50 | 111 | 117 | |
Impact of Anglo American Platinum restatements | - | (41) | (56) |
50 | 70 | 61 | |
Non-controlling interests | (10) | (14) | (12) |
Exploration | 2 | 2 | 5 |
Elimination of intercompany interest | 35 | 38 | 72 |
Depreciation of assets fair valued on acquisition | (8) | (8) | (16) |
Other adjustments | (13) | - | (5) |
Corporate cost allocation | (19) | (20) | (40) |
Contribution to Anglo American underlying earnings | 37 | 68 | 65 |
Anglo American will report results for the six months ended 30 June 2017 on 27 July 2017. The above figures are unaudited.
Underlying earnings
Underlying earnings is profit attributable to equity shareholders before special items and remeasurements, and is therefore presented after net finance costs, income tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group.
Anglo American plc published this content on 24 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 July 2017 06:34:03 UTC.
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