Coal drives up Exxaro’s full-year earnings

JSE-listed diversified energy company Exxaro Resources expects its headline earnings a share for the year ended December 31 to have increased bu between 20% and 34% year-on-year, to between R56.20 and R62.75 – primarily owing to the good performance of its coal business, which was driven by higher export and domestic sales prices.

Earnings before interest, taxes, depreciation and amortisation during the period is expected to have increased by between 70% and 84% year-on-year, to between R18.14-billion and R19.63-billion – again mainly as a result of the good performance of the coal business.