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South Africa's Exxaro Resources FY earnings jump on higher coal prices

Coal News - Published on Mon, 18 Mar 2019

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Reuters citing, South African coal mining company Exxaro Resources Ltd, saying that its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier.

Core headline earnings per share (HEPS) rose to 2,159 cents or USD 496.24 million for the year ended December 31st 2018, from 2,011 cents per share or 6.295 billion rand in the same period last year. HEPS is the main profit gauge in South Africa and strips out certain one-off items.

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Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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