R2.4bn in in­terim earn­ings ex­pected

The Star Early Edition - - COMPANIES -

JSE-listed Exxaro Re­sources said on Fri­day it ex­pects to gen­er­ate be­tween R2.4 bil­lion and R2.8bn in earn­ings for the six-month pe­riod ended June 30, 2017. The South African coal and heavy min­er­als min­ing com­pany said the wind­fall was mainly due to higher net op­er­at­ing profit con­tri­bu­tion from the coal busi­ness as well as higher eq­uity-ac­counted in­come from in­vest­ments. At­trib­ut­able earn­ings per share are there­fore ex­pected to be be­tween 775 cents per share and 912 cents per share, com­pared to the 362 cents per share re­ported for the six-month pe­riod ended June 30, 2016. Head­line earn­ings per share are ex­pected to be be­tween 795 cents per share and 925 cents per share, com­pared to 309 cents per share re­ported for the six-month pe­riod ended June 30, 2016. Exxaro will re­lease its re­viewed fi­nan­cial re­sults for the six-month pe­riod ended June 30 next week.

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