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Thungela earnings slump, but shareholders still rewarded.

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Manage episode 501107259 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://ppacc.player.fm/legal.
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. Kaya FM
  continue reading

179 episodes

Artwork
iconShare
 
Manage episode 501107259 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://ppacc.player.fm/legal.
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. Kaya FM
  continue reading

179 episodes

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