Exxaro reported HEPS down 20% to 1,377c, above the guidance midpoint of 1,370.5c. Revenue increased 7% to R22.1 bn, supported by stronger coal revenue. Lower income from Sishen Iron Ore and Black Mountain weighed on earnings. Higher mining costs, a stronger Rand and delayed Gamsberg ramp up also hurt. The interim dividend fell 17% to 700c per share.
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