London 16/02/2016 - Resources company Anglo American posted a full-year net loss for 2015, it said on Tuesday, amid falling commodity prices.
The company lost $5.62 billion in 2015, compared with a loss of $2.51 billion the previous year, it said in a statement.
Underlying profit before interest and tax came in at $2.2 billion from $4.9 billion last year, a 55 percent drop.
The group's underlying earnings were $0.8 billion, a 63 percent decrease from $2.2 billion in 2014.
Anglo earned 64 cents per share, compared with $1.73 per share the year before, it said.
The company's full-year sales fell 26 percent to $23 billion.
On Monday, Moody's cut the corporate credit rating of Anglo American to 'junk' and assigned a negative outlook for the company’s new rating, stressing that the current downturn in commodities prices will be worse than previous price dips.
(Editing by Martin Hayes)