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Zimplats FY profit rises despite lower platinum output

Kitco News

HARARE, Sept 13 (Reuters) - Zimbabwe's Zimplats, which is majority controlled by Impala Platinum , posted a sharp increase in full-year profit as higher platinum prices and recouped Treasury bills offset lower production, the company said on Wednesday.

Zimplats reported profit before tax of $101 million in 2017, up from $29.3 million in 2016. Platinum output slid to 281,080 ounces from 290,410 ounces last year, the company said.

(Reporting by Macdonald Dzirutwe; Writing by Joe Brock; Editing by James Macharia)

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