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Anglo Platinum had a trading statement yesterday

Staying with the platinum producers, the biggest platinum producer, Anglo Platinum had a trading statement yesterday. Here goes, it is from the release yesterday Anglo Platinum hereby advises shareholders that both basic earnings per share and headline earnings per share for the half year ended 30 June 2010 are expected to increase by at least 20% from the basic earnings per share of 1,144 cents and headline earnings per share of 169 cents for the half-year ended 30 June 2009. This is despite the increase in number of shares in issue following the rights offer. Excellent. Seems like a good outcome and just showing you how quickly the environment can turn for the platinum producers. No wonder these stocks are so wild in their price action.


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