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Coal|Financial|Resources
Coal|Financial|Resources
coal|financial|resources

Thungela expects to report more than 100% increase in earnings for 2022

9th March 2023

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

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JSE-listed thermal coal exporter Thungela Resources expects its earnings a share for the year ended December 31 to have increased by between 105% and 111% year-on-year to between R125 and R129.

Headline earnings a share are expected to have increased by between 95% and 100% year-on-year, to between R130 and R133.

Thungela’s headline earnings attributable to shareholders are expected to have increased from R7-billion in 2021, to between R17.4-billion and R17.7-billion for 2022.

Thungela plans to release its financial results for 2022 on March 27.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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