Summary : Smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Mpumalanga province, South Africa, 18 February, 2020.
Anglo joins rival miners Rio Tinto (RIO.L)(RIO.AX) and Freeport-McMoRan (FCX.N) in reporting a profit slump, partly blaming a tight labour market, supply chain snags and inflationary pressures.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $8.7 billion for the six months to the end of June, down from $12.1 billion for the same period last year, but beating an average forecast of $8.56 billion from 10 analysts compiled by research firm Vuma.
Reporting by Clara Denina and Helen Reid; editing by Jason Neely and Carmel Crimmins
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