May 14, 2019 / 7:29 AM / 3 months ago

S.Africa's Kumba Iron Ore sees higher H1 headline earnings

May 14 (Reuters) - South Africa’s Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate.

The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30 from 9.31 rand a year earlier.

Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items. (Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr)

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