Report
Mathew Hodge
EUR 100.00 For Business Accounts Only

Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

Anglo American’s adjusted net profit after tax, or NPAT, of USD 3.2 billion was flat compared with 2017 but beat our USD 3.0 billion forecast. The stronger than expected profit was underpinned by an impressive performance on costs and better profitability in the copper and diamond divisions. Adjusted EBITDA rose 5% to USD 9.2 billion primarily with higher prices which added USD 0.9 billion to EBITDA. Favourable currency moves added a further USD 0.2 billion and volumes USD 0.8 billion. Inflation...
Underlying
Anglo American Plc-Spons ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mathew Hodge

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