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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| South32 Limited | ASX:S32 | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 1.01% | 3.99 | 3.95 | 3.98 | 4.00 | 3.94 | 3.98 | 30,451,425 | 09:50:00 |
From Jun 2022 to Jun 2024
By David Winning
SYDNEY--South32 Ltd. increased its share-buyback program by US$50 million as it anticipates a stronger outlook for commodity prices in the second half of its fiscal year.
South32 said the increase to the buyback means it has US$158 million still to return to shareholders by September based on its current capital-management plans.
It announced the shift in returns alongside a net profit of US$685 million for the six months through December, down 34% on a year earlier. Underlying earnings dropped 44% to US$560 million, although underlying revenue edged up by 0.4% to US$4.52 billion.
Directors of the mining company declared an interim dividend of 4.9 U.S. cents a share.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
February 15, 2023 17:10 ET (22:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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