Australia's South32 posts 16% rise in first-half profit
Reuters
Feb 12
Australia's South32 posts 16% rise in first-half profit
Feb 12 (Reuters) - Australian diversified miner South32 S32.AX reported a 16% rise in its first-half profit on Thursday, boosted by higher commodity prices.
South32, the world's biggest producer of manganese, said its underlying earnings attributable was $435 million for the half-year ended December 31, compared with $375 million a year earlier.
That beat the Visible Alpha consensus estimate of $386.6 million.
(Reporting by Sherin Sunny in Bengaluru; Editing by Krishna Chandra Eluri)
((Sherin.Sunny@thomsonreuters.com;))
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