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Johannesburg - Exxaro [JSE:EXX] reported a slight rise in full-year earnings on Thursday, helped by a strong performance in its coal business, and said it expects challenging markets conditions ahead.
Exxaro, South Africa's second-largest coal producer, which also has interests in iron ore and base metals, said headline earnings for the year were R14.63, up 4%.
Headline EPS, the main profit gauge in South Africa, strip out certain one-time items.
Coal production was up 3% to 38.7 million tonnes, while coal exports were at 4.5 million tonnes, up 15%.
The company declared a final dividend of 315 cents, bringing total the dividend to 550 cents, a rise of 10%.
Exxaro, South Africa's second-largest coal producer, which also has interests in iron ore and base metals, said headline earnings for the year were R14.63, up 4%.
Headline EPS, the main profit gauge in South Africa, strip out certain one-time items.
Coal production was up 3% to 38.7 million tonnes, while coal exports were at 4.5 million tonnes, up 15%.
The company declared a final dividend of 315 cents, bringing total the dividend to 550 cents, a rise of 10%.
