Exxaro expects net earnings per share – the main measure of profit for South African companies – to be between R32.11 ($1.95) and R35.93 in the six months to June 30, compared to the 27.22 rand recorded during the same period last year.
The increase came despite a shortage of locomotives, poor maintenance and cable theft which limited the ability of state-owned rail company Transnet to transport minerals such as coal and iron to ports. , which has cost mining companies significant revenues.
The company plans to publish its half-year results on August 18.
($1 = R16.4390)