JSE- and LSE-listed thermal coal miner Thungela Resources recorded a 601% year-on-year increase in revenue to R26.28-billion in 2021, pushing it to a profit of R6.94-billion, from a loss of R362-million in the prior year. It has declared a maiden cash dividend of R18 a share, payable in May.

Adjusted earnings before interest, taxes, depreciation and amortisation increased by 3 389%, from R286-million in 2020 to R9.98-billion in 2021, while adjusted free operating cash flow increased to R3.92-billion in 2021, from a loss of R249-million in 2020. The miner posted headline earnings a share of R66.57 for 2021, compared with a headline loss a share of R5.31 in 2020..Read More