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Exxaro Financial Results Mzila Mthenjane, Executive Head Of Stakeholder Affairs At Exxaro

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Exxaro reported a 13% increase in headline earnings to R7.6 billion, mainly driven by its income from equity investments. The group which has operations in coal, ferrous and energy markets on Thursday released its annual results for the year ended 31 December 2019. Group revenue increased by 1% to almost R26 billion, and headline earnings per share increased to 3 027 cents per share, up from 2 671 cents reported in 2018. According to Exxaro's report, its earnings were mainly driven by income from equity-accounted investments, which helped offset the drop in its coal earnings.

12 Mar 2020 12PM English South Africa Business News · Investing Gugulethu Mfuphi

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