Thungela flags up to R9bn interim profit as coal prices surge
01 August 2022 - 09:09
UPDATED 01 August 2022 - 15:22
Thungela Resources, the coal miner spun off from Anglo American, expects to deliver a first-half profit equivalent to almost a quarter of its R39.6bn market value as it cashes in on surging energy prices.
Headline earnings per share for the six months to end-June are expected to rise to R66.85-R67.45 from R3.05 previously, the miner said in a trading update on Monday. This means headline earnings of as much as R9bn, from R227m in the prior year, an almost forty-fold rise...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.