Original article by Paul Garvey
The Australian – Page: 24 : 17-Feb-17

Australian-listed South32 has posted a 2016-17 interim net profit of $US620m ($A804m), compared with a loss of $US1.7bn previously. The BHP Billiton spin-off has a net cash position of $US859m, and CEO Graham Kerr says the group will not keep excess capital on its balance sheet in the long-term. Shareholders will receive an inaugural interim dividend of $US0.036 per share, although Macquarie had anticipated a payout of $A0.045. South32 shares eased $A0.05 on 16 February 2017, closing at $A2.62.

CORPORATES
SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, MACQUARIE GROUP LIMITED – ASX MQG, MORGANS FINANCIAL LIMITED, PEABODY ENERGY CORPORATION