EXXARO interim results
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Exxaro Resources, one of Eskom's largest coal suppliers, has declared a final cash dividend of R11.75 on the back of booming commodity prices and a good operational performance for the year ended in December.
In releasing its annual results on Thursday, Exxaro reported a 13% increase in group revenue to R32.8 billion and a 77% leap in profit to reach R16.3 billion while headline earnings increased 56% to R11 56 billion.
The group declared a final cash dividend of R11.75 per share, pushing the total dividend for the year to R32.52, up from R18.86 in the prior year.
Exxaro said the "resilient performance" was despite the ongoing Covid-19 pandemic, distressed local economy, and extensive logistical challenges which substantially impacted export volume.
In releasing its annual results on Thursday, Exxaro reported a 13% increase in group revenue to R32.8 billion and a 77% leap in profit to reach R16.3 billion while headline earnings increased 56% to R11 56 billion.
The group declared a final cash dividend of R11.75 per share, pushing the total dividend for the year to R32.52, up from R18.86 in the prior year.
Exxaro said the "resilient performance" was despite the ongoing Covid-19 pandemic, distressed local economy, and extensive logistical challenges which substantially impacted export volume.
