Exxaro to report lower attributable earnings for 2020 full-year
JSE-listed diversified miner Exxaro Resources expects to report an up to 35% decrease in attributable earnings a share of between R25.40 and R30.87 for the year ended December 31, 2020, compared with the prior year.
The company cited this as mainly owing to accounting of noncontrolling interest for the outside shareholders of Eyesizwe.
Exxaro expects to report between 0% and 6% lower headline earnings a share in the year under review, at between R28.45 and R30.27.
Earnings before interest, taxes, depreciation and amortisation should be between 13% and 27% lower year-on-year, owing to a challenging trading environment during Covid-19 and the initial lockdown levels in South Africa.
The company explains in a trading statement that the financial results in both 2019 and 2020 were influenced by various one-off items, such as a gain on the company’s partial disposal of Tronox Holdings and the impairment charges as well.
Exxaro will release its results for the year on March 18.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation