Salungano warns of widended headline loss
Coal trader Salungano Group, which owns coal mines and processing plants in South Africa, expects to post a widened headline loss a share to between 110c and 114c for the financial year ended March 31, 2024.
That compares with the headline loss a share of 58.65c reported for the 2023 financial year.
Meanwhile, the group expects to report a loss a share of between 33c and 37c for the 2024 financial year. That represents an improvement on the loss a share of 168.52c reported for the 2023 financial year.
Salungano intends to release its full results for the 2024 financial year on October 7.
The group has faced various delays in the publication of its results for the 2024 financial year, as well as of its interim and full-year results for 2025, following changes in auditors and in the finance function within the group itself.