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Anglo American plc (AAUKF)

- OTCPK - Current
  • Feb. 14, 2014, 4:17 AM
    • Anglo American (AAUKF) made its second consecutive net loss in 2014 after the mining company wrote down wrote down $1.9B in the value of assets as commodity demand continued to be soft.
    • Still, net losses narrowed to $961M from $1.47B a year earlier but badly missed consensus for a profit of $2.01B.
    • Underlying profit fell 7% to $2.7B, above analyst forecasts of $2.38B.
    • Total revenue +1% to $33.06B.
    • Net debt rose to $10.7B from $8.5B and could reach $15B by the end of 2014.
    • Despite the loss, Anglo American maintained its dividend at $0.85 a share. (PR)
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Company Description
Anglo American is engaged in the mining and natural resource sectors. Co. is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, and an industrial minerals business.