Exxaro Resources Ltd. reported a 104% year-over-year surge in attributable EPS to 25.89 South African rand for the first half.
As a result, the company is paying an interim dividend of 8.64 rand per share, up by 3.34 rand from a year-ago, as well as a special dividend of 8.97 rand per share.
Headline EPS jumped 42% to 17.30 rand as Exxaro's share of earnings from its investments surged to 2.92 billion rand, from 1.05 billion rand a year ago, according to an Aug. 22 release.
Consolidated core EBITDA decreased 29% to 2.81 billion rand mostly due to lower revenue and inflationary pressure on costs.
Total revenue for the period fell 2% to 12 billion rand, mainly because of lower export prices and lower off-take, partly offset by higher export sales volumes and a favorable exchange rate of the rand against U.S. dollar.
The company's total coal production for the half fell to 22 million tonnes from 23.4 Mt a year ago. Coal sales dipped to 21.1 Mt, from 22.7 Mt in 2018.
