Anglo Beats Profit Estimates; Will Weigh Platinum Unit Changes
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Anglo American Plc, a producer of metals and minerals from Africa to Brazil, said 2011 profit climbed 23 percent, beating estimates, and that it is considering changes to its platinum unit to restore returns.
Underlying earnings climbed to a record $6.12 billion, or $5.06 a share, from $4.98 billion, or $4.13 a share, the London-based company said today in a statement. That compares with the $4.67 median estimate of 23 analysts surveyed by Bloomberg News. Anglo will pay a dividend of 46 cents a share, compared with Bloomberg’s forecast of 44 cents.