Reported about 10 hours ago
South32 reported a 75% increase in full-year profit due to strong performance in its alumina division and rising commodity prices, despite falling short of market expectations. The company's alumina earnings rose significantly, although challenges in its Australian manganese operations impacted overall projections. South32 anticipates a 4% production growth for its Worsley Alumina operations but is preparing for potential maintenance of its Mozal Aluminium smelter amid rising operational costs.
Source: YAHOO