https://www.miningweekly.com

Wescoal expects higher H1 earnings, output

20th October 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed miner Wescoal expects to report higher headline earnings and increased production for the six months to September 30.

Headline earnings per share for the first half of the year were expected to rise more than 20% on the prior corresponding period last year.

However, owing to the inclusion of a R71-million profit from the sale of the Vlaklaagte mineral asset in the first half of 2013, earnings a share for the six months under review were expected to plunge more than 50%.

For the period under review, Wescoal reported output of 942 291 t of coal – a 5% rise on the 895 185 t produced in the prior corresponding six-month period.

The group’s trading division sold 625 949 t during the first half of this year, representing a 187% jump compared with the 217 831 t delivered in the first six months of 2013.

Wescoal said it would publish another trading statement once more certainty on the financial results for the six months ended September had been obtained.

Wescoal planned to release it financial results for the half year on November 4.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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:0.126 0.163s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: