FILE PHOTO: The logo of Australian miner South32 can be seen at the venue of a media conference in Perth, Western Australia, November 18, 2015.    REUTERS/David Gray/File Photo/File Photo
FILE PHOTO: The logo of Australian miner South32 can be seen at the venue of a media conference in Perth, Western Australia, November 18, 2015. REUTERS/David Gray/File Photo/File Photo
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Business & Economy

Australia's South32 posts 16% rise in first-half profit

Feb 12 (Reuters) – Australian diversified miner South32 reported a 16% rise in its first-half profit on Thursday, boosted by higher commodity prices.

South32, the world’s biggest producer of manganese, said its underlying earnings attributable was $435 million for the half-year ended December 31, compared with $375 million a year earlier.

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That beat the Visible Alpha consensus estimate of $386.6 million.

(Reporting by Sherin Sunny in Bengaluru; Editing by Krishna Chandra Eluri)

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