South32 reports sixteen percent increase in first half profit as commodity prices surge
Australian miner South32 reported a 16 percent rise in first-half profit to 435 million dollars. Results beat analyst estimates amid high commodity prices.
Insights:
South32 Limited announced today a 16% rise in first-half underlying earnings attributable of $435 million for the half-year ended December 31. This result beat the Visible Alpha consensus estimate of $386.6 million, reflecting a stronger-than-expected company financial performance for the period.
