S.Africa's Kumba Iron Ore half-year profit down 50%


Reuters | Capetown | Updated: 26-07-2022 10:59 IST | Created: 26-07-2022 10:46 IST
S.Africa's Kumba Iron Ore half-year profit down 50%
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  • Country:
  • South Africa

South Africa's Kumba Iron Ore on Tuesday reported a 50% decline in half-year profit, mainly attributed to lower iron ore prices.

Kumba's headline earnings per share (HEPS) - the main profit measure for South African companies - was 36.13 rand ($2.16) for the six months to June 30, compared with 72.82 rands last year. ($1 = 16.7401 rand)

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