Buffalo Coal reports losses for September quarter

15th November 2019 By: Simone Liedtke - Creamer Media Social Media Editor & Senior Writer

Coal miner and supplier Buffalo Coal on Friday reported a headline loss a share, for both basic and diluted shares, of R0.05 for the three months to September 30.

This is a 71% variance from the R0.18 a share reported for the September 2018 quarter.

Buffalo also reported a loss a share, for both basic and diluted shares, of R0.05 for the period under review, also 71% lower than the R0.18 a share reported for the September 2018 quarter.

Revenue came in at a loss of R99.7-million for the three months, a 52% difference from the same quarter in 2018.

Buffalo operates in South Africa, and has a primary listing on the TSX-V and a secondary listing on the AltX.