South32 moves into profit as revenue increases
Published: Thursday, 16 February 2017
The Australian mining company noted higher prices in the majority of its commodities helped to bolster sales revenue. Saleable alumina production from its Worsley operation, however, saw a decline together with prices.
ASX-listed miner and metals producer
South32 Ltd has reported an 8% increase in revenue to $3.22m
for the half year ended 31 December 2016.
The company, also reported a move into net profit of $620m
during the reporting period, compared with a loss of $1.75bn in
the half year end 31...