Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has released its interim results for the six months ended 30 June 2024. The company reported an adjusted EBITDA of R15.6 billion (approximately $0.8 billion). This figure contributes to Anglo American's underlying EBITDA, which is estimated at around $0.9 billion after adjustments primarily to remove remeasurements from underlying earnings for Anglo American and include corporate cost allocation.
The adjusted EBITDA, as disclosed in Kumba Iron Ore Limited's interim report, is defined as operating profit before deducting depreciation, amortization, and impairment charges and before adding impairment reversals. Anglo American is set to report its results for the same period on 25 July 2024.
For more detailed information, the full report is available on the Johannesburg Stock Exchange's website and can be accessed via the following link: www.angloamericankumba.com/financial-results.