S.Africa’s Northam Platinum half-year earnings more than triple

Northam Platinum’s Zondereinde smelter operation in Thabazimbi, South Africa.

South Africa’s Northam Platinum on Friday reported a three-fold increase in interim earnings, underpinned by higher metals prices and increased sales volumes.

Normalised headline earning per share (HEPS) for the six months ended on Dec. 31 jumped 241% to 369.6 cents, from 108.5 cents during the year-ago period.

HEPS is the main profit measure used in South Africa which strips out certain one-off items.

(By Tanisha Heiberg; Editing by Christian Schmollinger)

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