Similar to peers, Anglo American achieved sizeable (profit) improvements in FY16. Coal, diamonds and iron ore – the key recovery drivers H2 sales were $11.4bn (+29% yoy; +15% hoh) while full-year sales came in at $21.4bn (+4.5%). The half-yearly rebound was largely attributable to: 1/ iron ore (sales +40% yoy; +36% hoh) and coal (+43% yoy; +60% hoh), benefiting from material price improvements, in addition to nickel (+181% yoy; +28% hoh) and copper (+1% yoy; +27% hoh); and 2/ improving
08 Mar 2017
First net profit since 2011, but this turnaround isn’t enough
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First net profit since 2011, but this turnaround isn’t enough
Anglo American plc (AAL:LON) | 2,104 -1031 (-2.3%) | Mkt Cap: 28,143m
- Published:
08 Mar 2017 -
Author:
Varun Sikka -
Pages:
4
Similar to peers, Anglo American achieved sizeable (profit) improvements in FY16. Coal, diamonds and iron ore – the key recovery drivers H2 sales were $11.4bn (+29% yoy; +15% hoh) while full-year sales came in at $21.4bn (+4.5%). The half-yearly rebound was largely attributable to: 1/ iron ore (sales +40% yoy; +36% hoh) and coal (+43% yoy; +60% hoh), benefiting from material price improvements, in addition to nickel (+181% yoy; +28% hoh) and copper (+1% yoy; +27% hoh); and 2/ improving