AngloAmerican Plc : Compelling H1 results with high copper performance and solid cashflow
>Compelling H1 results once restated for one-offs - Anglo American just published better-than-expected H1 results with underlying EBITDA coming at $ 5.0bn, 5% above ODDO BHF and 9% above consensus. The beat was partly due to a $ 127m revaluation benefit for an iron ore royalty (booked by De Beers) ahead of its disposal planned by year-end but most divisions booked solid, above expectations results. Copper’s performance was particularly strong at $ 2bn, driven in part...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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