Kumba ups dividend by more than two-thirds as it cashes in on record prices
22 February 2022 - 08:48
UPDATED 22 February 2022 - 18:40
SA’s largest iron producer, Kumba Iron Ore, increased its total dividend for 2021 by more than two-thirds, with surging steel and commodity prices lifting margins and helping the group generate a record core profit.
Earnings before interest, taxation, depreciation and amortisation (ebitda), or core profit, rose 41% to R64.6bn in the year to end-December, with Kumba increasing its total dividend 69% to R103.20 a share — about a R33bn payout...
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