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South32 profit jumps 8pc

AAP  |  23 Aug 2018Text size  Decrease  Increase  |  
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SYDNEY [AAP] Diversified miner South32 has lifted its full-year net profit eight per cent to $US1.33 billion ($A1.81 billion), helped by cost reductions and stronger commodity prices.

Its underlying earnings for the year to June 30 were up 16 per cent to US$ 1.33 billion, while revenue was up nine per cent to US$ 7.55 billion.

South32 will pay a fully-franked final dividend of 6.2 US cents per share, down from 6.4 US cents a year ago.

 

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© 2021 Australian Associated Press Pty Limited (AAP) or its Licensors. This is the Morningstar service with content provided by AAP where indicated. AAP reserves all rights, including copyright, in services provided by it. The information in the service is for personal use only, does not constitute financial product advice (whether general or personal) and may not be re-written, copied, re-sold or re-distributed, framed, linked or otherwise used whether for compensation of any kind or not, without the prior written permission of AAP. You should seek advice from a professional financial adviser before making decision to acquire or dispose of a financial product.

This service is published for general information purposes only without assuming a duty of care. AAP is not in the business of providing financial product advice (whether personal or general advice), and gives no warranty, guarantee or other representation about the accuracy of the information or images contained in this service. AAP is not liable for errors, omissions in, delays or interruptions to or cessation of the services through negligence or otherwise. The globe symbol and "AAP" are registered trademarks.

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