Exxaro renewables business up in half-year coal earnings downer

The half-year revenue contribution from the energy business of Exxaro Resources was 17% higher than in the first half of last year, with energy generation from the Cennergi wind assets driven up by an improvement in wind conditions from the prior year. Overall, the JSE-listed black empowered diversified resources and renewable energy group reported a 28% decrease in earnings before interest tax depreciation and amortisation (Ebitda) to R7 661-million.