S.Africa’s Exxaro half-year profit up 13%, boosts dividend

(Reuters) -South African coal miner Exxaro Resources reported on Thursday a 13% increase in half-year profit on the back of higher sales.

Exxaro’s posted headline earnings per share of 17.24 rand ($0.9737) in the six months to June 30, compared to 15.28 rand during the same period last year.

The company declared an interim dividend of 8.43 rand per share, an increase of 6% on last year’s interim payout.

($1 = 17.7063 rand)

(Reporting by Nelson Banya; Editing by Himani Sarkar)

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