BUZZ-Australia's South32 falls as profit misses analysts' expectations

** South32 Ltd falls as much as 4 pct to its lowest since it began trading on May 18

** Mining company reports FY underlying pro-forma profit of A$575 mln

** Analysts had expected underlying pro-forma profit of A$700 mln, according to Thomson Reuters I/B/E/S (Other OTC: UBGXF - news)

** Company aims to cut costs by at least A$350 mln a year over the next three years

** Stock among most traded in terms of volume on the Australian stock exchange

** Stock's ROE of 1.45 pct is higher than sector average of -2.50 pct (Reuters Messaging: arnab.paul.thomsonreuters.com@reuters.net)