South Africa’s Northam Platinum (NPHJ.J) reported on Friday a 14.4% decline in annual profit, as a sharp increase in mining costs outweighed record sales volumes, according to Reuters.
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Headline earnings per share dropped to 3.81 rand ($0.2169) for the year ended June 30, down from 4.45 rand a year earlier.
The miner declared a final dividend of 2 rand per share, bringing the total dividend for the year to 2.15 rand.
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Image Credit: CNBC Africa
