UPDATE 2-S.Africa's Kumba suspends H1 dividend as profit plunges

martes 21 de julio de 2015 06:24 GYT

* Headline EPS down 61 percent

* Iron ore price recently hit 10-year low

* Company expects prices to remain under pressure (Adds capex cut, CEO comments, detail)

By Zandi Shabalala

JOHANNESBURG, July 21 (Reuters) - South Africa's Kumba Iron Ore suspended its half-year dividend for the first time after a plunge in profits and warned low iron ore prices could scupper its annual dividend as well.

Part of global miner Anglo American, Kumba like its peers is grappling with low prices due to a supply glut and growth concerns in top user China.

Prices touched a 10-year low this month.

Kumba reported diluted headline earnings per share of 7.82 rand for the six months to June 30, down from 20.24 rand a year earlier. Headline EPS, which strips out certain one-off items, is South Africa's main profit measure.

Its shares fell 4.6 percent before recovering to trade up 0.9 percent at 123.73 rand at 0952 GMT.   Continuación...