Mining News

South32 ups revenue but widens loss

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Diversified miner South32 has reported a 4% increase in revenue while its loss after tax has widened during the 2021 financial year ending June.

Revenue for the 12 months under review reached $6.3-billion, compared with the $6-billion reported in the 2020 financial year, while underlying earnings before interest, tax, depreciation and amortization increasing 32%, from $1.18-billion to $1.56-billion.

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