May 14 (Reuters) - South Africa’s Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate.
The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30 from 9.31 rand a year earlier.
Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items. (Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr)