Half Year 2019 South32 Ltd Earnings Call (UK and South Africa Investors) Transcript
Thank you for standing by, and welcome to the South32 Half Year Financial Results and Outlook Investor and Analyst Teleconference. (Operator Instructions)
I would now like to hand the conference over to Mr. Graham Kerr, CEO. Please go ahead.
Thank you. Thanks, everyone, and welcome to our U.K. and South Africa investor and analyst teleconference for our half year results. I'm joined by our Chief Financial Officer, Brendan Harris; our Deputy Chief Financial Officer, Katie Tovich; and our Chief Operating Officers, Paul Harvey and Mike Fraser.
For those who haven't had a chance to listen to our webcast, I'll share a short summary of our results then open the lines for questions. If you don't get the chance to ask your question, please give our investor relations team a call.
Starting with the highlights. A strong operating result and high commodity prices helped deliver improved earnings and returns to shareholders in the half. Underlying EBITDA increased by 20% to $1.3
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