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Johannesburg - Diversified resources group Exxaro Resources [JSE:EXX] on Tuesday reported a 53% jump in interim headline earnings per share as it capitalised on the positive market recovery for coal in terms of price and demand.
Headline earnings, which exclude the impact of any impairments, were R3.6bn or R10.45 a share, compared to corresponding 2010 earnings of R2.4bn or R6.83 a share.
Attributable earnings, inclusive of Exxaro's 20% interest in the post-tax profits of Sishen Iron Ore Company (SIOC) amounted to R2.4bn as well as the respective R5m and R147m contributions from the equity interests in Chifeng and Black Mountain, increased by 33% to R3.2bn or R9.21 a share.
The group declared an interim dividend of R3 a share, which is covered three times by attributable earnings.
Headline earnings, which exclude the impact of any impairments, were R3.6bn or R10.45 a share, compared to corresponding 2010 earnings of R2.4bn or R6.83 a share.
Attributable earnings, inclusive of Exxaro's 20% interest in the post-tax profits of Sishen Iron Ore Company (SIOC) amounted to R2.4bn as well as the respective R5m and R147m contributions from the equity interests in Chifeng and Black Mountain, increased by 33% to R3.2bn or R9.21 a share.
The group declared an interim dividend of R3 a share, which is covered three times by attributable earnings.
