https://www.engineeringnews.co.za

Wescoal H1 earnings to rise

11th October 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed coal junior Wescoal Mining on Friday said its earnings a share and headline earnings a share for the six months ended September 30 were likely to be more than 20% higher than that reported for the first half of the previous financial year.

The company had reported earnings a share of 6.8c and headline earnings a share of 6.9c for the six months ended September 2012.

Further, Wescoal said its coal production for the six months under review had increased by 39% year-on-year to 895 185 t.

The company’s management was confident that the current production volumes could be maintained over the next six months, with its Intibane colliery, in Witbank, having become fully operational.

The coal miner’s trading division had sold 217 831 t of coal during the period, a 13% decrease on the 250 127 t sold in the previous corresponding period.

Wescoal would release its interim results on November 4.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 0.93s - 140pq - 2rq
Subscribe Now