Picture of Thungela Resources logo

TGA Thungela Resources News Story

0.000.00%
gb flag iconLast trade - 00:00
EnergySpeculativeMid CapSuper Stock

South Africa's Thungela half-year profit plunges 80% on weak coal prices

Aug 18 (Reuters) - South African thermal coal exporter Thungela Resources' TGAJ.J half-year profit fell 80% due to weaker prices for the fossil fuel, it said on Monday.

Thungela posted headline earnings per share of 1.92 rand  ($0.1093) rand in the six months to June 30, compared to 9.52 rand during the same period last year.

($1 = 17.5707 rand)

 (Reporting by Nelson Banya; Editing by Joe Bavier)

 ((Nelson.Banya@thomsonreuters.com;))

Recent news on Thungela Resources

See all news