[miningmx.com] – INTERIM headline earnings for Exxaro Resources ended June 30 would be about 20% lower year-on-year owing to a lower contribution from Sishen Iron Ore Company in which Exxaro has a 19% share.
On an attributable earnings basis, the company’s loss would show an improvement of about 20% owing to the non-recurring nature of the impairment of Exxaro’s Mayoko iron ore project which was recorded in the previous interim period.
Headline earnings in the previous interim period, ended June 30, was R2.8bn. Exxaro is due to report its interim figures on or around August 20, the company said.
