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Sibanye-Stillwater back in profit in first half on higher metals prices

Credit: REUTERS/SIPHIWE SIBEKO

Sibanye-Stillwater on Thursday reported a half-year profit boosted by higher precious metals prices and a weaker rand currency.

JOHANNESBURG, Aug 27 (Reuters) - Sibanye-Stillwater SSWJ.J on Thursday reported a half-year profit boosted by higher precious metals prices and a weaker rand currency.

The precious metals producer, said headline earnings per share (HEPS) for the six months to June was 350 cents ($0.21)per share compared with a loss per share of 54 cents a year earlier when output was hit by strikes.

HEPS is he main profit measure used in South Africa.

The company reinstated a dividend and declared an interim dividend of 50 cents per ordinary share.

($1 = 16.9571 rand)

(Reporting by Tanisha Heiberg. Editing by Jane Merriman)

((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))

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