Thungela

FY 2023 results: Adjusted EBITDA came in at R8.5 billion (2022: R29.5 billion). Share buybacks up to R500 million was approved (2022: Rnil) Headline earnings per share fell R34.97 (2022: R130.82) as Thermal coal priced declined much faster than expected in 2023. SA exports were in line with guidance.
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