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'Reshaping' year leaves South32 in solid state

South32 (ASX:S32) has posted solid earnings and declared a normal and special dividend for the 2018 financial year, a year in which it started to transform its portfolio.

'Reshaping' year leaves South32 in solid state 'Reshaping' year leaves South32 in solid state 'Reshaping' year leaves South32 in solid state 'Reshaping' year leaves South32 in solid state 'Reshaping' year leaves South32 in solid state

South32 CEO Graham Kerr sayd the company is well positioned going forward

The company posted a profit after tax of US$1.33 billion, up by 8% year-on-year.

Underlying EBITDA was up by 4% to $2.51 billion, while the EBITDA margin fell by 1.6% to 37.3%.