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Anglo American Platinum’s First-Half Profit Almost Doubles

Anglo American Platinum Ltd., the world’s biggest producer of the metal, said first-half profit almost doubled from a year earlier after the rand weakened, curbing the impact of cost increases in South Africa.

Earnings per share excluding one-time items probably rose to a range of 4.80 rand ($0.50) to 5.35 rand in the six months through June compared with 2.73 rand a year earlier, the Johannesburg-based company said in a statement. The stock climbed as much as 2.6 percent, the most in a week.