Kumba FY earnings down on revenue dip, lower sales

Kumba Iron Ore released its full-year results today reporting a marginal dip in headline earnings per share driven by a 1% fall in revenue and a 4% decline in total sales. The company has however declared a final dividend of R15.73 bringing the total payout to R30.24, that representing a 100% payout ratio on headline earnings per share. Company's CEO, Themba Mkhwanazi joins us on the line to unpack the detail behind the numbers.
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