22 February 2021 | 09:18am StockMarketWire.com - Platinum group metals producer Sylvania Platinum posted a 70% rise in first-half profit and upped its dividend after it benefited from higher metal prices. Net profit for the six months through December increased to $40.5 million, up from $23.9 million year-on-year, as revenue jumped 44% to $85.2 million. The company achieved an average gross platinum group metal basket price of $3,184 an ounce, up from $1,830 in 2019. It declared a final dividend of 1.6p per share, up from 0.78p year-on-year, plus an additional windfall dividend of 3.75p. 'The production teams are to be commended for their resilience as they successfully navigated through the second wave of Covid-19 in South Africa,' chief executive Jaco Prinsloo said said.