Kumba reports a 24% fall in headline earnings
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GUEST – Mpumi Zikalala - Kumba CEO
Kumba Iron Ore has reported a 24% fall in headline earnings per share as the company battles weaker commodity prices and logistics challenges.
Kumba, a subsidiary of the Anglo American group, on Tuesday released its results for the six months ended in June 2024 and reported headline earnings per share of R22.27, down from R30.04 in the first half of 2023.
Kumba also cut its interim dividend to R18.77 per share – down 17% from R22.60, although this still represents a payout ratio of 85% of headline earnings.
Kumba Iron Ore has reported a 24% fall in headline earnings per share as the company battles weaker commodity prices and logistics challenges.
Kumba, a subsidiary of the Anglo American group, on Tuesday released its results for the six months ended in June 2024 and reported headline earnings per share of R22.27, down from R30.04 in the first half of 2023.
Kumba also cut its interim dividend to R18.77 per share – down 17% from R22.60, although this still represents a payout ratio of 85% of headline earnings.
