Salungano improves financial performance
JSE-listed Salungano Group has reported a material improvement in its financial performance for year ended March 31, 2025, compared with the prior year.
The coal miner reports an increase in revenue to R4.37-billion, compared with R3.65-billion in the prior year, as well as an increase in gross profit to R372-million from R292-million in financial year 2024.
Salungano’s operating profit improved to R189-million during the period, from a R309-million operating loss in 2024.
Earnings per share increased to 2.54c from a 34.89c loss per share in the previous year, while headline earnings per share increased to 2.62c from a 111.91c headline loss per share in 2024.
No dividend was declared for the period.
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