News Formal

Exxaro expects 2018 earnings to jump higher

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

It says the increases in earnings were primarily due to once-off transactions incurred in 2017.

Coal producer Exxaro said on Tuesday it expected headline earnings per share of between 2,607 and 2,708 cents for the year ended December 31, compared with 502 cents reported in 2017.

It said while the coal business benefited from higher selling prices, the increases in earnings were primarily due to once-off transactions incurred in 2017 relating to the implementation of a black economic empowerment deal. Exxaro, one of the largest South African-based diversified resources companies, with interests in coal, titanium dioxide, iron ore and energy, will release its reviewed financial results for 2018 on March 14.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US companies put record number of robots to work in 2018Association says shipments increased in most sectors tracked, as automation is moving into warehouses and small factories
Source: BDliveSA - 🏆 12. / 63 Read more »

Despite Nigerian run-ins, MTN’s earnings nearly doubled in 2018In 2018, the mobile operator was slapped with demands totalling $10.1bn from Nigerian regulators And yet MTNza cancelled FreeTwitter
Source: BDliveSA - 🏆 12. / 63 Read more »