{"id":11469,"date":"2012-06-14T11:16:13","date_gmt":"2012-06-14T09:16:13","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-1-sentula-fy-profit-up-35-pct-outlook-robust\/"},"modified":"2012-06-14T11:16:13","modified_gmt":"2012-06-14T09:16:13","slug":"update-1-sentula-fy-profit-up-35-pct-outlook-robust","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-sentula-fy-profit-up-35-pct-outlook-robust\/","title":{"rendered":"UPDATE 1-Sentula FY profit up 35 pct, outlook robust"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY headline EPS up 35 pct to 21.7 cts<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* FY revenue up 5 pct to 2.51 bln rand<\/p>\n<p><span><\/span><\/p>\n<p>* Shares up 7 pct<\/p>\n<p> (Adds details, shares)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 14 (Reuters) &#8211; South African mining<br \/>\ncontractor Sentula Mining on Thursday reported a 35<br \/>\npercent rise in full-year profit and said the outlook for the<br \/>\ncurrent financial year remained robust given its exposure to the<br \/>\nmore resilient coal industry.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in the company, down more than 5 percent so far this<br \/>\nyear, jumped 7 percent by 0718 GMT, compared with a 0.39 percent<br \/>\nfall in the JSE All-Share index.<\/p>\n<p><span><\/span><\/p>\n<p>Sentula said full-year headline earnings per share, the main<br \/>\nprofit gauge in South Africa that strips out certain one-time<br \/>\nitems, rose to 21.7 cents from 16.1 cents a year earlier.<br \/>\nRevenue rose 5 percent to 2.51 billion rand ($300 million).<\/p>\n<p><span><\/span><\/p>\n<p>Chief executive Robin Berry said demand from coal mines was<br \/>\nstrong after logistics group Transnet increased capacity on the<br \/>\nrail lines connecting collieries with the coastal export<br \/>\nterminal. Consistent demand for coal from state-owned power<br \/>\nutility Eskom also helped, he said..<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The outlook for deployment of equipment in the coal<br \/>\nindustry is still quite buoyant for this financial year,&#8221; he<br \/>\ntold Reuters. &#8220;The coal industry is a lot more stable and a lot<br \/>\nmore defensive (than other commodities).&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The company reported a basic loss per share of 88.9 cents<br \/>\ndue to a 591 million rand impairment charge from equipment held<br \/>\nfor resale at its discontinued Megacube opencast operation.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY headline EPS up 35 pct to 21.7 cts * FY revenue up 5 pct to 2.51 bln rand * Shares up 7 pct (Adds details, shares) JOHANNESBURG, June 14 (Reuters) &#8211; South African mining contractor Sentula Mining on Thursday reported a 35 percent rise in full-year profit and said the outlook for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11469","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11469"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11469\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}