South32 interim results December 2018
Revenue for the interim period grew to USD3.3 billion (USD3.0 billion) whilst loss narrowed to USD72 million (loss of USD100 million). However, profit attributable to equity holders rose to USD635 million (USD543 million). In addition, headline earnings per share from continuing operations grew to 12.5 cents per share (9.9 cents per share).
On 14 February 2019, the directors resolved to pay a fully franked interim dividend of USD5.1 cents per share (USD258 million) in respect of the 2019 half year and a fully franked special dividend of USD1.7 cents per share (USD86 million). The dividends will be paid on 4 April 2019. The dividends have not been provided for in the half year consolidated financial statements and will be recognised in the 2019 financial year.
The Group's production volumes are expected to rise by 5%(24) in FY19, or 7%(24) on a per share basis as we benefit from our ongoing on-market share buy-back program.