Exxaro warns of earnings plunge

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The financial results were influenced by various one-off items

Exxaro Resources, SA’s largest black-empowered resources company, expects to report a plunge in earnings when it publishes its annual results on Thursday.

In a trading statement released on Monday morning, the group said headline earnings per share for the year to end-December 2020 were expected to decrease between 0% and 6% compared to the year ended December 31 2019. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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