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Thungela Resources profit slumped almost 60% due to lower prices and rail disruptions.
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
Share
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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Similar to Kaya Biz
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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continue reading
A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman, Matthew Brown, and Rob Litterst from The Hustle.
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A hybrid of online radio, podcast and YouTube – live from 06h00 to 08h00 – Gareth and his team bring you ‘unradio’ – unscripted, uncensored, real conversations about everything that happens in our world, everything we all experience every day, what makes us think… makes us laugh… makes us cry… makes us angry… inspires us… and makes us human. It’s about the stuff that connects us on this journey called LIFE. Welcome to it!
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continue reading
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Join Larry Mantle weekdays for lively and in-depth discussions of Los Angeles and Southern California news, politics, science, entertainment, the arts and more. More AirTalk at www.kpcc.org.
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Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
Let’s face it, Real estate education has lost the script. Everybody “claims” to have the secret sauce. They get you to sign up, get you to bite on a “magic” formula, but there’s no real tools to get there. There’s so much talk, no practical steps. It’s not instructional, it’s hype. The ideas aren’t focused on your success, it’s focused on theirs. Well, it doesn’t have to be that way. If you’ve been searching for a way to escape the rat race and achieve true financial freedom wholesaling real ...
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Wake-up with America's first news - Host Gordon Deal goes beyond the headlines with the day's first look at news and business news from the U.S. and around the world; bringing a lively blend of intelligent information, humor, and expert analysis to morning radio.
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