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Kumba Iron Ore half-year profit flat despite increased sales
Anglo American’s South African unit Kumba Iron Ore said on Tuesday its half-year profit was flat despite a 3% increase in sales, as weak global steel demand impacted prices. Kumba reported headline earnings per share of 22.26 rand ($1.24) in the six months to June 30, compared to 22.27 rand during the same period last year. The company said its average realised free-on-board export price was $91 per wet metric ton (wmt) during the six months, 6% lower than $97 per wmt previously. Iron ore dips on higher inventories Soft domestic steel demand and a weak property sector in major iron ore importer China pushed prices ... (full story)
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- Jul 29, 2025 1:39am Posted byFundamental Analysis247
