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South32 posts full year loss as coal impairments bite

South32 has reported a strong increase in underlying earnings, though its financial results were overshadowed by impairments.

South32 posts full year loss as coal impairments bite South32 posts full year loss as coal impairments bite South32 posts full year loss as coal impairments bite South32 posts full year loss as coal impairments bite South32 posts full year loss as coal impairments bite

South32 CEO Graham Kerr

The company posted a full-year net loss after tax of US$195 million, following a $510 million post-tax impairment over the Illawarra Metallurgical Coal division and a $159 million loss on the sale of