Anglo American posted strong H1 17 results, resulting in dividends being reinstated. Higher prices (average +30% yoy) across commodities — (met) coal, iron ore, copper and PGMs (due to palladium) — and healthy volumes (in De Beers and Minas-Rio) resulted in the top-line increasing by 22% yoy (and 5.9% hoh) to $12bn. Profit improvements were stellar, with adjusted EBIT soaring 87% yoy (and 22% hoh) to $2.5bn. In addition to the top-line support, profitability also benefited from co
09 Aug 2017
Deleveraging target exceeded, thereby helping reinstate dividends
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Deleveraging target exceeded, thereby helping reinstate dividends
Anglo American plc (AAL:LON) | 2,188 -65.6 (-0.1%) | Mkt Cap: 29,270m
- Published:
09 Aug 2017 -
Author:
Varun Sikka -
Pages:
4
Anglo American posted strong H1 17 results, resulting in dividends being reinstated. Higher prices (average +30% yoy) across commodities — (met) coal, iron ore, copper and PGMs (due to palladium) — and healthy volumes (in De Beers and Minas-Rio) resulted in the top-line increasing by 22% yoy (and 5.9% hoh) to $12bn. Profit improvements were stellar, with adjusted EBIT soaring 87% yoy (and 22% hoh) to $2.5bn. In addition to the top-line support, profitability also benefited from co