South32 takes profit hit, chooses SA coal buyer

SOUTH32 has posted a 71% drop in full-year net profit after tax to US$389 million.

South32 takes profit hit, chooses SA coal buyer South32 takes profit hit, chooses SA coal buyer South32 takes profit hit, chooses SA coal buyer South32 takes profit hit, chooses SA coal buyer South32 takes profit hit, chooses SA coal buyer

South32 CEO Graham Kerr

The fall was largely the result of a $504 million impairment on the company's South Africa Energy Coal division.