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South32 moves from strength to strength

South32 (AU:S32) will have to make some welcome but difficult decisions regarding its growing cash reserves after posting another profitable half-year result, which included a maiden dividend – CEO Graham Kerr’s first departure from pure balance sheet consolidation.

South32 moves from strength to strength South32 moves from strength to strength South32 moves from strength to strength South32 moves from strength to strength South32 moves from strength to strength

South32 has been an operational success and as a result is having to decide how growing cash reserves will be spent

While revenue was up by only 8% to US$3.2 billion, net profit after tax was $620 million, up from a loss of $1.7 billion in the same period of 2015 due to impairments.

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