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 Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

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:0.045 0.787s - 111pq - 2rq
Subscribe Now