A summary of producer South32's financial results for the year ended June 30, 2020.
In briefSouth32's underlying earnings were down by 81% in the 2020 financial year at $193 million, compared with $992 million in the prior financial year, with volatile macroeconomic conditions affecting the prices of key commodities. Statutory profit after tax declined by $454 million to a loss of $65 million in 2020.South32 generated underlying earnings before interest, taxes, depreciation and amortization (Ebitda) of $1.2 billion for an operating margin of 22% - down from...