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Higher iron ore prices boost Kumba’s results

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The miner expects headline earnings per share to surge despite just a slight increase in sales and production volumes

SA’s largest iron producer Kumba Iron Ore expects its full-year profit to surge by up to 52%, benefited by higher average iron ore prices.

In an operational update on Thursday, Kumba said headline earnings per share would surge by between R97.43 and R107.80 in the year to end-December despite just a slight increase in sales and production volumes...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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