South32 (ASX:S32) recently reported their full fiscal year underlying earnings to be US$916 million, a significant decrease from the previous fiscal year’s figure of US$2,602 million.

The company also stated its decision to pay a final dividend of 3.2 US cents per share.

The underlying revenue for the period was US$9,050 million, a drop from the previous fiscal year’s US$10,630 million.

Additionally, the firm reported a loss after tax of US$173 million as opposed to a profit of US$2,669 million from the previous fiscal year.

As part of their outlook, South32 predicts FY24 group capital expenditure, excluding EAIS, to be set at US$860 million.

They also project their FY24 Illawarra metallurgical coal production to be 4,400 KT, and an increase in FY25 to 4,700 KT.

Furthermore, they expect FY24 safe and reliable capital expenditure to escalate by US$145 million to US$615 million.

Other projections for FY24 include Australia manganese ore production of 3,400 KWMT and payable copper equivalent production of 89.0 KT.

South32 is a global resources company, headquartered in Perth, Australia, with a focus on mining and metals.