South32: Interim result 2016

Falling commodity prices have hit the bottom line, but this miner is doing a great job on the matters within its control.

Lower prices have knocked half-year profits by 94% at South32 and forced writedowns of US$1.7bn, but its latest result showed the miner making great strides on the matters within its control.

Despite the profit fall, for example, net debt has fallen to just US$36m making South32 the unlikely custodian of the finest balance sheet in the industry.

Poor bottom line

Cost cuts underway

Strong balance sheet

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