Implats Expects 400% Half-Year Profit Surge on Metals Rally

Impala Platinum Holdings Ltd. said its second-half profit likely jumped by about 400% from a year earlier because of the rally in metals.

A “significant appreciation” in the average price received for the firm’s products is behind the better performance, the Johannesburg-listed miner of platinum group metals said Tuesday in a trading statement. Earnings are expected to be between 9.1 billion rand ($774 million) and 9.45 billion rand.