Coal miner Thungela reports 29% profit drop on weak prices
17/03/2025 07:10
March 17 (Reuters) - South African thermal coal exporter Thungela Resources TGAJ.J said on Monday its 2024 profit declined 29% on the back of lower prices for the fossil fuel. Thungela's profit for the year ended December 2024 fell to 3.544 billion rand ($194.79 million) from 4.97 billion rand previously. ($1 = 18.1943 rand) (Reporting by Nelson Banya, Editing by Louise Heavens) ((Nelson.Banya@thomsonreuters.com;))