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Exxaro H1 headline earnings down 39%

22nd August 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – JSE-listed Exxaro Resources on Thursday reported a 39% fall in headline earnings per share (Heps) to 712c for the six months ended June, compared with Heps of 1 162c in the first half of 2012.

This was, however, a 199% improvement on the Heps in the second half of 2012.

Revenue from continuing operations increased by 6% year-on-year to R6.2-billion, while operating profit decreased by 30% to R884-million.

Exxaro’s total coal production for the six months was 18.8-million tons, down 3% year-on-year.

Exxaro declared an interim dividend of 235c a share – 33% lower than that declared in the previous comparable period, but 57% higher than the dividend paid for the second half of 2012.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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