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...