Australia's South32 interim profit slumps on weak coal output

Feb 15 (Reuters) - Australian diversified miner South32 Ltd S32.AX reported a 93% drop in its first-half underlying earnings on Thursday, hurt by a weak metallurgical coal output and lower commodity prices.

Underlying earnings for the six months ended Dec. 31 was $40 million, compared with $560 million a year earlier.

(Reporting by Echha Jain and Sneha Kumar in Bengaluru; Editing by Shinjini Ganguli)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.