posted on Wednesday its best ever annual profit and a record full-year dividend of $16.8-billion, boosted by higher iron ore prices and strong demand from top consumer China.
The Anglo-Australian miner reported underlying earnings of $21.38-billion for the year ended Dec. 31, up 72 per cent from a year earlier. Analysts had expected underlying earnings of $21.63-billion, according to Visible Alpha. Its shares closed up 1.2 per cent on the Australia Stock Exchange ahead of the results. But share prices were down 0.3 per cent in London by 1042 GMT, underperforming other miners.
“The going gets a little harder from here, with inflation starting to push costs higher,” said Steve Clayton, fund manager at HL Select. He added, .”..Because we are pretty high up in the cycle and I would dream about looking back one day and say that we invested counter-cyclically and making acquisitions right now could be very much pro-cyclical.”
“Ultimately, it is for the government of Serbia to decide whether they want to see this opportunity happening,” Stausholm told reporters. “Right now what we are offering is to have meaningful engagement with stakeholders.”
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »