CAPITAL MARKETS

Coal impairments drive South32 loss

SOUTH32 has reported a strong increase in underlying earnings, though its financial results were overshadowed by impairments.

South32 CEO Graham Kerr

South32 CEO Graham Kerr

The company posted a full-year net loss after tax of US$195 million, following a $510 million post-tax impairment over the Illawarra Metallurgical Coal division and a $159 million loss on the sale of South...

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