Anglo American to Boost Shareholder Returns After 1st Half Profit Soared
July 29 2021 - 1:44AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC on Thursday reported a significantly higher
profit for the first half of the year, and said it will return $4.1
billion to shareholders via dividends and share buybacks.
The FTSE 100 mining company made a net profit of $5.19 billion
for the six months to June, up from $471 million a year earlier
when the Covid-19 pandemic caused a decrease in production.
Underlying earnings before interest, taxes, depreciation and
amortization jumped to $12.14 billion from $3.35 billion,
reflecting significantly higher commodity prices. The metric came
well above the market consensus of $10.88 billion--taken from Vuma
and based on 12 analysts' estimates.
Anglo American said it would pay an interim dividend of $1.71 a
share and make $2.0 billion of additional returns, including $1.0
billion via a special dividend and $1.0 billion via share
buybacks.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 29, 2021 02:36 ET (06:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2024 to May 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From May 2023 to May 2024