Anglo American Posts Drop In H1 Earnings

Anglo American PLC AAUKY reported a drop in its earnings for the first half of the year. Anglo's sales declined 10% to $16.41 billion, while underlying operating profit dropped 38% to $3.72 billion. Net profit attributable to shareholders fell 70% to $1.21 billion. However, analysts were expecting an underlying operating profit of $4 billion. Anglo American shares closed at $15.47 yesterday.