Antofagasta cancels final dividend as profit slides 58 pct
LONDON, March 15 (Reuters) - Chilean copper miner Antofagasta cancelled its final dividend on Tuesday as it posted a 58 percent fall in annual core profit, hit by a rout in the price of the metal.
The miner said a statement that the board was not recommending a final dividend since the interim dividend of 3.1 cents had met its 35-percent payout target.
It reported first-half core profit from continuing operations, or earnings before interest, tax, depreciation and amortisation (EBITDA), dropped to $890.7 million in 2015. (Reporting by Eric Onstad; Editing by Mark Potter)
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