JOHANNESBURG - Coal exporter Thungela, has announced a 16 percent revenue increase for the year ending December 2024.
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This was mainly driven by riven by higher coal prices and increased sales volumes.
Despite this, the group reported a profit decline of 27 percent.
CEO July Ndlovu says they are quite pleased with both operational and financial performance.
On the South African side of the business, they were able to increase production for the first time in three years.