Antofagasta Posts 37.3% Drop In H1 Pretax Profit

Antofagasta PLC

reported a 37.3% decline in its pretax profit during the first-half of the year. Antofagasta's pretax profit for the period dropped to $981.0 million, from $1.56 billion, in the year-ago period. Its revenue fell to $2.78 billion from $3.16 billion, while Ebitda dropped to $1.28 billion from $1.85 billion. Antofagasta's earnings per share declined to 40.1 cents from 65.5 cents. Antofagasta shares closed at $28.24 yesterday.