Australia's South32 half-year profit falls 44%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 16 (Reuters) - Diversified miner South32 Ltd on Thursday reported a 44% drop in first-half underlying earnings, due to easing prices for its key commodities and on higher inflationary pressures.


Underlying earnings for the six months ended Dec. 31 was $560 million, compared with $1 billion in the previous corresponding period; and almost in line with a Visible Alpha consensus of $550 million. (Reporting by Archishma Iyer in Bengaluru; Editing by Shailesh Kuber)

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