South32 can extract cost savings with focus, but China's commodity downturn is a stiff headwind.
South32 delivered a solid fiscal 2018 result. Adjusted net profit after tax increased 13% to USD 1.3 billion compared with fiscal 2017. Adjusted earnings rose by over 18% to USD 0.26, partially due to South32 buying back 98 million shares. Higher commodity prices were the key growth driver and boosted EBIT by USD 1.5 billion. However, inflation, higher royalties and operating costs, and adverse foreign exchange movements lowered EBIT by USD 0.7 billion. Further, weaker volumes from Illawarra cok...South32 is engaged in mining and metal production from a portfolio of assets for the commodities of alumina, aluminium, bauxite, energy and metallurgical coal, manganese ore, manganese alloy, nickel, silver, lead and zinc. As of June 30 2016, Co. operated 10 segments, which were comprised of: Worsley Alumina, South Africa Aluminium, Brazil Alumina, Mozal Aluminium, South Africa Energy Coal, Illawarra Metallurgical Coal, Australia Manganese, South Africa Manganese, Cerro Matoso, and Cannington.
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.
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