BRIEF-Kumba Iron Ore Reports HY HEPS Of 26.19 Rand

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BRIEF-Kumba Iron Ore Reports HY HEPS Of 26.19 Rand
Credit: © Reuters.

July 28 (Reuters) - Kumba Iron Ore Ltd KIOJ.J :

* KUMBA IRON ORE - INTERIM CASH DIVIDEND OF R19.60 PER SHARE

* KUMBA IRON ORE - PRODUCTION OF 17.9 MT AND SALES OF 18.6 MT WERE IN LINE WITH OUR COVID-19 ADJUSTED GUIDANCE FOR FIRST HALF

* KUMBA IRON ORE - HY TOTAL REVENUE DECREASED BY 8% TO R31.6 BILLION

* KUMBA IRON ORE - CAPEX GUIDANCE OF BETWEEN R5.6 BILLION TO R6.1 BILLION FOR 2020 INCLUDES DEFERRAL OF R1.0 BILLION OF NON-CRITICAL CAPITAL EXPENDITURE TO 2021

* KUMBA IRON ORE - HY KUMBA'S AVERAGE REALISED IRON ORE EXPORT PRICE DECREASED BY 14% TO US$93/TONNE (H1 2019: US$108/TONNE)

* KUMBA IRON ORE - AIMING TO DELIVER A FURTHER R400 MILLION OF SAVINGS IN SECOND HALF OF 2020, BRINGING TOTAL FOR 2020 TO R1.1 BILLION

* KUMBA IRON ORE - FULL-YEAR 2020 GUIDANCE FOR TOTAL SALES OF 38 MT TO 40 MT

* KUMBA IRON ORE - HY ATTRIBUTABLE AND HEADLINE EARNINGS PER SHARE WERE R26.21 AND R26.19 (H1 2019: R31.39 AND R31.51), RESPECTIVELY

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