Kumba Iron Ore reports higher H1 earnings

Kumba has reported that its half-year net profit was ZAR 1.58 billion ($223 million), while its revenue for the period rose by 35 percent from last year to ZAR 5.43 billion ($710 million) - boosted by an annual 11 percent increase in the average iron ore prices of export volumes, as well as by the weakening in the average exchange rate of the rand during the period in question.