Thungela earnings slump, but shareholders still rewarded.
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Thungela Resources has taken a heavy knock from weaker coal prices and rising costs, with net profit plunging 79% to R248m in the first half of the year. Revenue slid 12% to R14.8bn, while HEPS fell 80% and EBITDA dropped 68%.
Yet, despite the tough market, Thungela is sticking to its shareholder returns policy declaring an interim dividend and announcing a new share buyback programme, backed by its strong cash position.
We speak to July Ndlovu, CEO of Thungela Resources, about how the group is navigating global coal price pressures, the cost squeeze, and its strategy to balance resilience with rewarding investors.
Yet, despite the tough market, Thungela is sticking to its shareholder returns policy declaring an interim dividend and announcing a new share buyback programme, backed by its strong cash position.
We speak to July Ndlovu, CEO of Thungela Resources, about how the group is navigating global coal price pressures, the cost squeeze, and its strategy to balance resilience with rewarding investors.