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Africa|Coal|Operations
Africa|Coal|Operations
africa|coal|operations

Buffalo Coal suffers operational loss in March quarter

1st June 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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South Africa-based Buffalo Coal's revenue rose by 32% year-on-year to R127-million for the three months ended March 31.

However, it incurred a loss from operations of R97-million, 1 030% lower than the R10.4-million profit of the corresponding period last year.

No dividends were declared or paid during the period under review or during the comparative period.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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