BRIEF-Wescoal Holdings Sees FY HLPS Between 30 Cents And 36 Cents

  • Reuters
  • Stock Market News
BRIEF-Wescoal Holdings Sees FY HLPS Between 30 Cents And 36 Cents
Credit: © Reuters.

June 15 (Reuters) - Wescoal Holdings Ltd WSLJ.J :

* WESCOAL HOLDINGS LTD - ARNOT MINE IS ON TRACK TO COMMENCE PRODUCTION ACTIVITIES DURING H2 2020

* WESCOAL HOLDINGS LTD - QTRLY GROUP COAL PRODUCTION OF 1.8MLN TONS IS 27% HIGHER

* WESCOAL HOLDINGS LTD - SEES FY HEPS WILL BE A LOSS OF BETWEEN 30.0 AND 36.0 CENTS

* WESCOAL HOLDINGS LTD - MINING SEGMENT COAL SALES VOLUME FOR FY20 AT 5 554 000 TONS WAS AN INCREASE OF 13%

* WESCOAL - CAPEX BUDGET BEING REVIEWED TO DEFER NON-ESSENTIAL SPEND AND PROJECTS ARE BEING OPTIMISED TO FURTHER REDUCE CAPEX WHERE POSSIBLE

* WESCOAL HOLDINGS LTD - WAS ABLE TO MAINTAIN A POSITIVE CASH GENERATION FROM OPERATIONS WITH FY EBITDA EXPECTED TO BE ABOUT R300 MILLION

* WESCOAL - CLOSED Q4 FY20 AT 98% TARGET MONTHLY PRODUCTION RATE, SUSTAINING PRODUCTION AT THIS LEVEL EXPECTED TO DELIVER ROM FIGURE OF 8 MILLION TONS/ANNUM

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