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Exxaro earnings rise 11%, dividend increased, coal exports soar

Exxaro CEO Sipho Nkosi

Exxaro CEO Sipho Nkosi

Photo by Duane Daws

21st August 2014

By: Martin Creamer

Creamer Media Editor

  

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JOHANNESBURG (miningweekly.com) – The headline earnings per share (HEPS) of the black-controlled diversified mining company Exxaro Resources increased 11% in the six months to June 30, for which it has declared an 11% higher interim dividend.

The JSE-listed company, headed by CEO Sipho Nkosi, upped its safety performance with a record 20 months without a fatality.

Coal production of 18.8-million tons allowed coal exports to soar 43% higher to 2.7-million tons.

The 11%-higher HEPS translated into 793c a share.

An 11%-higher interim dividend of 260c a share was declared in a half year in which the company raised R1-billion in a debut bond.

Edited by Creamer Media Reporter

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