Anglo Platinum Expects 2001 Earnings To Exceed Mar
Issuer Long Name : Anglo American Platinum Corporation
Limited
Instrument Alpha Code/Ticker Symbol : AMS
ISIN : ZAE000013181
Anglo Platinum expects 2001 earnings to exceed market expectations
Anglo Platinum wishes to announce that it estimates headline earnings for
the year ended 31 December 2001 to be R8 billion (US$ 930 million) as a
result of the significant weakening of the Rand over the 2001 financial year
and in particular during December 2001.
Anglo Platinum sells its products in dollars and headline earnings are
increased if, during the course of the year, the exchange rate weakens
before dollar revenues are converted to Rand. In addition headline earnings
have been affected by the increase in the Rand value of dollar-based assets
valued at year-end closing exchange rates.
The Company will release its 2001 results on Tuesday 19 February 2002.
Johannesburg
30 January 2002
Sponsor: Merrill Lynch South Africa (Pty) Ltd
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