In South Africa Impala Platinum sees up to 20 pct fall in H1 profits

Impala, the world No. 2 producer of the metal used for emissions-capping catalytic converters in cars, said the rand prices for platinum are down 15 percent compared to a year earlier causing the decline in profits.

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Platinum bars are stacked at the safe deposit boxes room of the ProAurum gold house in Munich March 6, 2014. REUTERS/Michael Dalder play Platinum bars are stacked at the safe deposit boxes room of the ProAurum gold house in Munich March 6, 2014. REUTERS/Michael Dalder (Reuters)
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South Africa's Impala Platinum said on Monday it expected half-year profits to fall by as much as 20 percent due to lower rand prices for its main commodity.

Headline earnings per share - a measure of profit which strips off certain one-off items - will be between 50 cents and 59 cents, a decline of between 20 percent and 10 percent.

Impala, the world No. 2 producer of the metal used for emissions-capping catalytic converters in cars, said the rand prices for platinum are down 15 percent compared to a year earlier causing the decline in profits.

Shares in Implats, which have more than halved in value over the last year, fell 0.74 percent to 35 rand by 1500 GMT.

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