Exxaro Resources said on Wednesday an increased contribution from its equity-accounted investments in the six months to end-June helped offset lower revenue from managed operations, as it continues to battle with declining coal sales in SA.

Headline earnings per share for the period are expected to rise between 35% and 47% year on year, but earnings before interest, taxes, depreciation, and amortisation (ebitda) are expected to fall between 13% and 25%...

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