The Conversation (0)
Impala Platinum (JSE:IMP) expects platinum prices to stay low as it continues to see profits fall, Mineweb reported. The company’s first year profits droped by 13 percent.
Impala Platinum (JSE:IMP) expects platinum prices to stay low as it continues to see profits fall, Mineweb reported. The company’s first year profits droped by 13 percent.
As quoted in the publication:
Earnings excluding one-time items were R347 million ($22 million), or 53 cents a share in the six months ended Dec. 31, compared with R400 million, or 66 cents a share, a year earlier, Johannesburg-based Impala said in a statement Thursday. The average price of platinum declined 29% to $950.68 an ounce from the same period in 2014, according to data compiled by Bloomberg.