South Africa's Kumba Iron annual earnings rise on higher ore rates

JOHANNESBURG (Reuters) - South Africa's Kumba Iron Ore on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand exchange rate to the dollar. The company, a unit of Anglo American , reported headline earnings per share (HEPS) of 50.88 rand for the year ended Dec. 31, compared with 30.28 rand a year earlier.HEPS is the primary profit measure in South Africa that strips out certain one-off items. Total revenue for the year rose 41% to..