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Anglo American Platinum Posts 2012 Loss

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Anglo American Platinum Projects 2012 Loss

Anglo American Platinum (OTC: AGPPY) posted a loss in the full year.

Anglo American Platinum swung to a net loss of ZAR6.677 billion ($752.95 million), versus a year-ago net profit of ZAR3.59 billion.

Its sales revenue declined to ZAR43.15 billion from ZAR51.48 billion.

Anglo American Platinum's output in the fourth quarter dropped 29% y/y to 416,000 ounces.

Anglo American Platinum shares closed at $8.40 on Friday.

Posted-In: lossEarnings News

 

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