An­glo profit down 68% with price fall

Weekend Argus (Saturday Edition) - - BUSINESS -

LON­DON: An­glo Amer­i­can suf­fered a 68 per­cent slump in net prof­its dur­ing the first half of the year, hurt by fall­ing com­mod­ity prices amid the weak eco­nomic out­look, the global miner said yes­ter­day.

Prof­its af­ter tax tum­bled to $403 mil­lion (R4 bil­lion) in the six months to the end of June, com­pared with over $1.2bn in the same part of last year, An­glo said. Rev­enues dipped one per­cent to $16.2bn.

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