South32 hikes Illawarra guidance, posts 17% jump in H1 profit

Diversified miner South32 has reported a solid first half for the six months ending December, with increases in revenue, profit and underlying earnings before interest, tax, depreciation and amortisation (Ebitda).

South32 on Thursday reported that revenue for the first half of 2018 was up 9% on the previous corresponding period, to $3.8-billion, while profit after tax was up by 17%, to $635-million.