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Exxaro to post attributable earnings of up to R6bn

2nd March 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Higher net operating profit from its coal mining business, paired with higher equity-accounted income from investments, will result in JSE-listed Exxaro Resources posting attributable earnings of between R5.17-billion and R6.08-billion for the year ended December 31.

This compares with an attributable loss of R1.21-billion for the 2015 financial year.

Attributable earnings a share are expected to be between R14.56 and R17.12 a share, compared with 83c in 2015.

Exxaro will publish its results on March 9.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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