ARM expects headline earnings spike on higher coal prices
16 February 2023 - 20:24
African Rainbow Minerals (ARM), the company founded and chaired by billionaire Patrice Motsepe, expects headline earnings for its first half to rise as much as 44% thanks to record coal prices.
In terms of JSE listing requirements, a public company must alert the market as soon it becomes aware that its financial performance will improve or fall by at least 20% when compared to the previous matching period...
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