While lower coal prices helped prompt a profit fall for Exxaro Resources in 2023, the coal miner said it had seen a healthier earnings contribution from its renewable energy business. Revenue fell 17% to R38.7 billion in the year to end-December and headline earnings 22% to R11.3 billion, the Eskom supplier reported on Thursday. It grappled with lower export prices relative to a buoyant 2022.
However, higher iron ore prices provided support, and while the group cut its final dividend by 11% to R10.10, it cited a strong cash position in its decision to pay a special dividend of R5.72 per share
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: