The original article can be found here.
Article highlights:
- The Salungano Group, formerly Wescoal, reported improved annual results thanks to good returns from coal as the company grew its supply to Eskom and also secured its very first export contracts.
- Headline earnings per share swung from a loss of 2.87 cents per share to 6.13 cents per share as the group saw increased uptake of coal from Eskom – Salungano’s main customer.
- Salungano invested R150 million into its operations, most of which was funnelled toward Moabsvelden – a key asset for the group.
