Exxaro Resources FY earnings jump on higher coal prices

South African coal mining company Exxaro Resources, which is led by CEO Mxolisi Mgojo, said on Thursday its full-year earnings climbed 7%, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to 2 159c or R7.17-billion for the year ended Dec. 31, 2018, from 2 011 cents per share or R6.30-billion in the same period last year.