ENRC slashes divi as profits tank

Diversified mining giant Eurasian Natural Resources Corp (ENRC) was hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011.

Diversified mining giant Eurasian Natural Resources Corp (ENRC) was hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011.

Therefore, while a dividend payout ratio of 18% was maintained, the dividend per share was slashed by 59.4% from 16 cents to 6.5 cents.

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