July 28 (Reuters) - South Africa's Valterra Platinum (VALJ.J) , opens new tab reported an 81% slump in half-year profit on Monday, hit by lower output and costs associated with its demerger from Anglo American Platinum.

Valterra's headline earnings were 1.2 billion rand ($67.62 million) in the six months to June 30, down from 6.5 billion rand in the same period last year.

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The miner said its sales of platinum group metals (PGM) sales decreased by 25% to 1.48 million ounces in the first half, mainly owing to the impact of flooding at its Amandelbult operations after heavy rains in February.

Valterra declared an interim dividend of 2 rand per share, down 79% from the payout a year earlier.

The world's biggest PGM producer by value demerged in June and is now listed separately in Johannesburg and London while global mining giant Anglo restructures its business to focus on copper.

($1 = 17.7452 rand)

https://www.reuters.com/world/africa/valterra-platinums-half-year-profit-plunges-81-lower-sales-2025-07-28/