AT A GLANCE: South32 FY19 earnings down 25% on lower Al prices; 3% production increase

A summary of South32's earnings and production results for its 2019 financial year ended June 30.

In brief:
South32’s underlying adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) declined by 13% to $2.2 billion in its 2019 financial year.
Underlying earnings decreased by 25% to $992 million. Lower aluminium and thermal coal prices more than offset stronger prices for alumina, contributing to a $275 million reduction in revenue. This was despite a...


Alice Mason

August 22, 2019

11:26 GMT