logo
Valterra Platinum Cuts First-Half Dividend 79% as Profit Slumps

Valterra Platinum Cuts First-Half Dividend 79% as Profit Slumps

Bloomberg28-07-2025
Valterra Platinum Ltd. said first-half profit fell 91%, after flooding at a key mine cut production and the company incurred costs during its recent spinoff from Anglo American Plc.
The Johannesburg-listed miner also slashed its interim dividend to 2 rand per share, a drop of 79% compared with a year earlier, according to results released on Monday. Valterra completed its separation from Anglo at the start of June.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MUFG Profit Beats Estimates; Maintains Record Earnings Target
MUFG Profit Beats Estimates; Maintains Record Earnings Target

Bloomberg

time42 minutes ago

  • Bloomberg

MUFG Profit Beats Estimates; Maintains Record Earnings Target

By and Hideki Suzuki Save Mitsubishi UFJ Financial Group Inc. kept its forecast for another year of record profit after earnings exceeded analysts' expectations in the first quarter, thanks to a drop in credit costs. Net income fell 1.8% from a year earlier to ¥546.1 billion ($3.7 billion) in the three months ended June 30, Japan's largest bank said Monday. That beat the ¥490.1 billion average of five analysts' estimates compiled by Bloomberg.

South Africa to Boost Continental Trade Ties as US Tariffs Bite
South Africa to Boost Continental Trade Ties as US Tariffs Bite

Bloomberg

time42 minutes ago

  • Bloomberg

South Africa to Boost Continental Trade Ties as US Tariffs Bite

South Africa plans to seek new markets for its goods to offset the impact on its exports from Washington's imposition of 30% tariffs on the nation's goods entering the US. 'In the coming months, we will be scaling up our trade missions into new markets in Africa and beyond,' President Cyril Ramaphosa said in his weekly newsletter Monday. The government will also boost a so-called National Exporter Development Programme, which aims to 'grow the pool of export-ready companies,' he said.

Another Weak Cocoa Crop in West Africa Will Keep Prices High
Another Weak Cocoa Crop in West Africa Will Keep Prices High

Bloomberg

time2 hours ago

  • Bloomberg

Another Weak Cocoa Crop in West Africa Will Keep Prices High

Much of West Africa, home to the world's top cocoa producers, is heading into another disappointing harvest. Despite better weather than in previous seasons, structural problems — such as aging trees and crop diseases — may continue to limit output and keep prices high. Ivory Coast, the biggest producer, is projected to collect 1.4 million tons during the main crop harvest between October and March, according to an average estimate from eight traders and analysts surveyed by Bloomberg. That's about in line with the expected total for this season's main crop, people familiar with the figures said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store