🔴 Kumba Iron Ore is trading 4.1% down today after reporting a 41% profit drop and cutting its dividend

Kumba Iron Ore is trading 4.1% down at ZAc 25,171 after reporting weak first-half results and cutting its interim dividend.

• The company posted a 41% drop in H1 profit, with both revenue and earnings missing market expectations.
• A significant reduction in the interim dividend has disappointed income-focused shareholders, weighing heavily on investor sentiment.
• The share price remains under pressure despite generally supportive conditions in the broader equity market.