South32 Limited 1QFY20 Net Cash Increases To USD527 Million

  • Oct 17, 2019 BST
  • Team Kalkine
  • South32 Limited (S32) has released its quarterly report for September 2019.
  • Company’s net cash witnessed an increase to USD 527 million from to USD 163 million of June 2019 quarter, following the allocation of a further USD 74 million to its on-market share buy-back.
  • The company invested USD 17 million in exploration at its early stage greenfield projects and existing operations. It also maintained its production guidance for all operations in FY20.
  • On 17th October 2019, at the time of writing, GMT 12:03 PM, S32 shares were trading at GBX 135.64, up by 4.84 points or 3.70 per cent against the previous day closing price.

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