Thungela Resources gains after half-year profit more than doubles
17/08/2026 11:07
BUZZ-Thungela Resources gains after half-year profit more than doubles ** UK-listed shares of thermal coal exporter Thungela Resources TGAT.L up 11.6% at 499.5 pence - their biggest single-day percentage gain since April
** South Africa's Thungela TGAJ.J says half-year profit more than doubled, helped by higher thermal coal prices and increased export sales as the Middle East conflict disrupted energy markets
** Its South Africa-listed stock was up 11.7% to 109.20 rand
** Headline earnings per share rise to 480 South African cents for the six months ended June 30, up from 192 cents a year earlier
** Co raises interim dividend by 175% to 550 cents per share and reaffirms full-year forecast
** Year-to-date, UK-listed stock is up ~18%
(Reporting by Neeshita Beura in Bengaluru)