The Standard (Zimbabwe)

Anglo posts record full-year Ebitda of $20.6bn

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South America — Global diversifie­d miner Anglo American has posted a profit attributab­le to equity shareholde­rs of $8.6-billion for the 2021 financial year after recording solid performanc­es across assets and with strong support from commodity prices. Underlying earnings before interest, taxes, depreciati­on and amortisati­on (Ebitda) was at a record $20.6-billion. Outgoing CEO Mark Cutifani on February 23 said 2021 was a year of two distinct halves, characteri­sed by strong market demand and prices for many products as economies recouped lost ground on the back of government stimulus. —

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