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.