HY Results – Northam Platinum’s financial results for the six months ended December 2022 showed a jump in operating profit margin to 45.1%, up 290 basis points. The company achieved a 44.9% increase in revenue to R20.1 bn, resulting in a 55% increase in operating profit to R9.0 bn and a 67.3% jump in HEPS level. Despite a 14% increase in cash cost per equivalent refined ounce, the company was able to perform well. However, the focus remains on the offer to shareholders of Royal Bafokeng Platinum, and the board has decided not to pay an interim dividend due to the uncertainty surrounding the offer’s acceptance.
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