Gross profit of cash-gushing Implats soars 240%, cash dividend declared

Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30.

The group, headed by CEO Nico Muller, declared a final dividend of R4 a share, bringing the total dividend for the full year to R5.25 a share.

Revenue was 44% higher at R69.9-billion on higher dollar metal prices and a weaker rand, partially offset by lower PGM sales volumes.