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Thungela Resources profit slumped almost 60% due to lower prices and rail disruptions.
M4A•Episode home
Manage episode 435118446 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - July Ndlovu - Thungela Resources CEO
The miner cut the half-year dividend to R2 per share (R281 million), down from R10 previously, after its profit fell 61% to about R1.2 billion in the six months to end June.
During the period energy prices continued to fall, mainly driven by the milder European and Northeast Asian winter season, which resulted in elevated coal and gas stock levels.
The group however, bolstered shareholder returns in the form of share buybacks of up to R160 million, bringing total returns to R441 million for its first half. Kaya FM
…
continue reading
The miner cut the half-year dividend to R2 per share (R281 million), down from R10 previously, after its profit fell 61% to about R1.2 billion in the six months to end June.
During the period energy prices continued to fall, mainly driven by the milder European and Northeast Asian winter season, which resulted in elevated coal and gas stock levels.
The group however, bolstered shareholder returns in the form of share buybacks of up to R160 million, bringing total returns to R441 million for its first half. Kaya FM
175 episodes
M4A•Episode home
Manage episode 435118446 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - July Ndlovu - Thungela Resources CEO
The miner cut the half-year dividend to R2 per share (R281 million), down from R10 previously, after its profit fell 61% to about R1.2 billion in the six months to end June.
During the period energy prices continued to fall, mainly driven by the milder European and Northeast Asian winter season, which resulted in elevated coal and gas stock levels.
The group however, bolstered shareholder returns in the form of share buybacks of up to R160 million, bringing total returns to R441 million for its first half. Kaya FM
…
continue reading
The miner cut the half-year dividend to R2 per share (R281 million), down from R10 previously, after its profit fell 61% to about R1.2 billion in the six months to end June.
During the period energy prices continued to fall, mainly driven by the milder European and Northeast Asian winter season, which resulted in elevated coal and gas stock levels.
The group however, bolstered shareholder returns in the form of share buybacks of up to R160 million, bringing total returns to R441 million for its first half. Kaya FM
175 episodes
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