Photo by: Bloomberg
JOHANNESBURG (miningweekly.com) – South Africa-based diversified resources company Exxaro expects its consolidated net operating profit and attributable earnings per share for the year ended December 31 to show a year-on-year decrease of more than 20%, chiefly owing to the nonrecurring profit on the sale of subsidiaries and other noncore assets during 2012.
“Exxaro is not in a position at this stage to provide more specific guidance,” it said on a trading statement on Thursday.
The company would release its reviewed financial results for the year ended December 31, 2013, on March 6.