South32 rides commodity price gains to strong H1 results
Diversified mining and metals company South32 on Thursday announced a 25% increase in revenue, reaching $3.12-billion, and a 579% surge in profit after tax, totaling $360-million for the half-year to December 31, 2024. The company's underlying earnings before interest, tax, depreciation and amortisation rose by 44% to $1.02-billion, driven by strong operational results across its portfolio. Notably, aluminium production increased by 5%, and copper production saw a 16% rise, enabling South32 to capitalise on improved commodity prices.
Diversified mining and metals company South32 on Thursday announced a 25% increase in revenue, reaching $3.12-billion, and a 579% surge in profit after tax, totaling $360-million for the half-year to December 31, 2024.
The company's underlying earnings before interest, tax, depreciation and amortisation rose by 44% to $1.02-billion, driven by strong operational results across its portfolio. Notably, aluminium production increased by 5%, and copper production saw a 16% rise, enabling South32 to capitalise on improved commodity prices.
