Miner operated as an essential service during SA's Covid-19 lockdown
Diversified miner Exxaro, which supplies coal to Eskom, has reported it fared well amid SA's lockdown due to record coal exports and a weaker rand.
Earnings before interest, taxation, depreciation and amortisation are expected to rise by as much as 28% to R4.078bn in the group's half year to end-June, when it operated as an essential service. Ebitda is a measure of the underlying operational performance of a company, excluding items such as finance costs.Headline earnings per share is expected to fall by 18%-34% from the prior period's R17.30.
In morning trade on Tuesday Exxaro's share was up 3.95% to R144.18, on track for its best one-day performance in just over a month.
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