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0056 GMT â The market is probably disappointed by South32 lower-than-anticipated cash generation in fiscal 2023, Citi analysts say in a note. Free cash flow in fiscal 2023 was just $57 million versus $2.24 billion in fiscal 2022, they highlight. âGroup free cash flow reflected higher expenditure on productivity, improvement and growth projects and one-off tax payments in relation to Sierra Gorda acquisition and non-core royalty sale,â the analysts say.
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>>> Read more: Basic Materials Roundup: Market Talk
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>>> Read more: Basic Materials Roundup: Market Talk
