AT A GLANCE: South32 earnings dive 48% in H1 FY20; ali, alumina production guidance steady

A summary of South32's earnings, alumina and aluminium production results for the first half of its 2020 financial year ended December 31, 2019.

In brief:

South32’s underlying adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) declined by 48% to $678 million. Profits before tax have slumped 72% to $251 million from $908 million in first half of last year. Company revenue was down 16% to $3.219 billion, down from $3.811 billion in the first half of 2019. South32 said the decline in profit was due to volatile macro-economic conditions affecting the prices of key commodities. The benchmark London...

Published

Alice Mason

February 13, 2020

10:40 GMT

London