South32: Result 2015

Despite having the misfortune to report on one of the worst trading days in many years, this was an excellent result.

Poor South32. Not only was it granted the smallest, least valuable bits of the BHP empire, it also reported its maiden result on one of the worst trading days in half a decade. The share price plummeted and reaction ranged from disinterest to disappointment but we find such pessimism baffling. This was an excellent result.

Underlying earnings before interest and tax (EBIT) rose 56% to US$1bn, a stunning outcome considering weaker commodity prices.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles