Edition:
India

Exxaro Resources Reports HY HEPS Of 1 730 Cents, Up 42%


Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Exxaro Resources Ltd ::JSE: EXX - EXX - REVIEWED INTERIM FINANCIAL RESULTS: SIX MONTH PERIOD ENDED 30 JUNE 2019, INTERIM DIVIDEND AND SPECIAL DIVIDEND.EXXARO RESOURCES LTD - SPECIAL DIVIDEND OF 897 CENTS PER SHARE.EXXARO RESOURCES LTD - HY REVENUE OF R12 BILLION, DOWN 2%.EXXARO RESOURCES LTD - HY AEPS OF 2 589 CENTS, UP 104%.EXXARO RESOURCES LTD - HY HEPS OF 1 730 CENTS, UP 42%.EXXARO RESOURCES LTD - INTERIM DIVIDEND OF 864 CENTS PER SHARE, UP 334 CENTS PER SHARE.EXXARO RESOURCES - ON DOMESTIC FRONT, LOWER THAN CONTRACTED VOLUMES TAKEN BY ESKOM FOR MEDUPI POWER STATION, BUT, THERE WAS NO IMPACT ON REVENUE IN HY.EXXARO - LOWER HY COAL REVENUE MAINLY DUE TO LOWER EXPORT PRICES, LOWER DOMESTIC AND ESKOM OFF-TAKE, PARTLY OFFSET BY HIGHER EXPORT SALES VOLUMES.EXXARO RESOURCES LTD - THE WEAK SOUTH AFRICAN GROWTH OUTCOME HAS RAISED THE RISK OF A SOVEREIGN RATING DOWNGRADE TOWARDS THE END OF 2H19.EXXARO RESOURCES LTD - INCREASING GEOPOLITICAL RISKS AND AGGRESSIVE TRADE POLICIES ARE ANTICIPATED TO WEIGH ON GLOBAL ECONOMIC ACTIVITY DURING 2H19.EXXARO RESOURCES LTD - IN TERMS OF THE GLOBAL COAL MARKET, WE DO NOT SEE A RECOVERY FROM THE CURRENT PRICING AND DEMAND BALANCE..EXXARO RESOURCES LTD - CHINA WILL CONTINUE TO INFLUENCE THE SUPPLY/DEMAND BALANCE IN THE PACIFIC WITH RELATED PRICE VOLATILITY.EXXARO RESOURCES LTD - THE MEDUPI POWER STATION OFFTAKE FROM GROOTEGELUK IS EXPECTED TO REMAIN AS PER THE OFFTAKE PLAN FOR THE REMAINDER OF 2019. 

Company Quote

11.3
-0.08 -0.70%
18 Nov 2019