Off The Wire
Anglo American's first-half profit slumps 39% on COVID-19 lockdowns
LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion in the six months that ended June 30, beating consensus of $3 billion from nine analysts compiled by Vuma. Anglo nearly halved its interim dividend to 28 cents per share. This was in line with its 40% payout policy.
(Reporting by Zandi Shabalala; Editing by Edmund Blair)
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