COMPANY RESULTS: Exxaro reports 36% profit plunge.
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GUEST – Riaan Koppeschaar Acting CEO and Financial Director.
Exxaro Resources has reported a 36% fall in annual profit as measured by headline earnings, as logistics costs spiralled.
The coal miner, which has a renewable energy unit and also holds a stake in Sishen Iron Ore, on Thursday reported a 36% fall in headline earnings per share to R30.16 for the year ended in December 2024.
Net operating profit fell 28% to R10.6 billion, even as revenue rose 5% to R40.7 billion. Operating costs climbed from R28 billion to R33 billion, with the largest increase being R1.55 billion increase in logistics costs.
Exxaro Resources has reported a 36% fall in annual profit as measured by headline earnings, as logistics costs spiralled.
The coal miner, which has a renewable energy unit and also holds a stake in Sishen Iron Ore, on Thursday reported a 36% fall in headline earnings per share to R30.16 for the year ended in December 2024.
Net operating profit fell 28% to R10.6 billion, even as revenue rose 5% to R40.7 billion. Operating costs climbed from R28 billion to R33 billion, with the largest increase being R1.55 billion increase in logistics costs.