Australian miner South32 posts 80% fall in H1 revenue

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Australian miner South32 posts 80% fall in H1 revenue

Feb 13 (Reuters) - Australian miner South32 Ltd S32.AX on Thursday reported an 80% drop in half-yea


Feb 13 (Reuters)Australian miner South32 Ltd S32.AX on Thursday reported an 80% drop in half-year underlying revenue, harm by decrease costs throughout its key commodities.

The diversified miner reported an underlying revenue of $131 million for the six months ended Dec. 31, down from $642 million a 12 months earlier.

The miner declared an interim dividend of 1.1 cents per share, down from 5.1 cents per share a 12 months in the past, and a particular dividend of 1.1 cents per share.

(Reporting by Anushka Trivedi and Nikhil Kurian Nainan in Bengaluru; Enhancing by Shailesh Kuber)

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