Anglo American 1st Half Earnings Fall Less Than Expected
28 Luglio 2022 - 09:14AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC on Thursday reported lower earnings for the
first half of the year, but the results were better than expected
by analysts.
The multinational mining company generated underlying earnings
before interest, taxes, depreciation and amortization of $8.70
billion in the first half of 2022, down from $12.14 billion a year
earlier. This was above the Vuma market consensus of $8.56 billion,
based on 10 analysts' estimates.
Underlying earnings per share fell 28% to $3.11, also beating
the $2.86 consensus.
Net profit dropped 29% to $3.68 billion.
Anglo American declared an interim dividend of $1.24 a share,
down from last year when it paid an ordinary dividend of $1.71, a
special dividend of $0.80 and a share buyback of $0.80.
"Attributable free cash flow of $1.6 billion was driven largely
by strong prices in the first quarter that declined towards the end
of the period in tandem with increasing cost inflation," Chief
Executive Duncan Wanblad said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 28, 2022 02:59 ET (06:59 GMT)
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