https://www.miningweekly.com

Share issue, drawdown likely to dent Keaton’s H1 earnings

14th November 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Coal producer Keaton Energy expects headline earnings a share for the six months ended September 30 to drop by between 27% and 32% from the prior quarter’s 19.4c to between 13.2c and 14.2c apiece.

The company added in a trading statement on Friday that basic earnings a share for the half-year would likely also decrease by between 31% and 37% to between 12.3c and 13.3c.

“The decrease in earnings is attributable to a higher number of shares in issue for the period, following the issue of 32.6-million new shares in February, as well as increased finance costs, following the drawdown of the Investec finance facility, the benefit of which will flow only once production starts at the Moabsvelden mine, in Mpumalanga,” stated the company.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.138 0.176s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: