South32 Ltd : S32

News

• 20 Oct 2016 1 min read

  South32 Q1 2017 Coal Output down 32% from Q4 2016

  South32 (S32.L) Q1 2017 results impacted by metallurgical coal production at Illawarra. Challenging geological conditions encountered at Appin Area 9 and 7 caused a decrease is saleable production by 26% (646kt) to 1.4Mt. Coal sales of 9.3Mt now expected in FY17 as the operation has recovered and finished good inventory has been reduced by 300kt. […]

• 27 May 2016 3 min read

  Shires Income’s emerging markets and commodity holdings drive underperformance

  Shires Income, managed by Ed Beal (pictured), has announced its annual results for the year ended 31 March 2016. During the year, the trust’s NAV fell by 7.0% on a total return basis, thereby underperforming its FTSE All-Share Index benchmark, which lost 3.9%. The company says that its NAV underperformance was due principally to stock […]

• 24 Aug 2015 1 min read

  South 32’s underlying earnings up 41% (pro-forma)

  South 32, the resources company spun out of BHP Billiton earlier this year, has reported its first annual results (on a pro-forma basis). In the financial year to end-June 2015, the company reported headline profit of US$28 million, down 56% from the previous year, leading to EPS of USc0.5, against USc1.2 previously. The results include […]

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