Antofagasta beats profit expectations in the first half

Chile-based copper miner Antofagasta saw earnings per share (EPS) come in a smidgen ahead of expectations in the first half as a decrease in copper prices was offset by higher levels of production.

Chile-based copper miner Antofagasta saw earnings per share (EPS) come in a smidgen ahead of expectations in the first half as a decrease in copper prices was offset by higher levels of production.

EPS for this six months to June 30th were 65.5 US cents, 7.2% under the 70.6 cents reported the year before but slightly ahead of consensus forecasts of 65.0 cents. Credit Suisse had estimated EPS of 63 cents.

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