1H21 results: 1H21 financial results today for OZL and they were very strong relative to expectations. NPAT of $269 million for the half year was up 237% driven by operational performance, higher copper volumes and stronger prices. That was a big beat ~15% although the consensus is a bit skinny on numbers (typically the case at the 1H result). Dividend maintained 8c + Special of 8c was nice. A good update from Oz and all on track for a solid year.
MM remains bullish OZL
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