|Wescoal final results 31 March 2017|
|28 June 2017 7:55|
|Turnover for the year soared to R2.118 billion (2016: R1.590 billion), gross profit rose to R367.5 million (2016: R251.7 million), operating profit jumped to R122.7 million (2016: R100.9 million), while profit attributable to owners of the parent lowered to R30.2 million (2016: R51.8 million). Furthermore, headline earnings per ordinary share decreased to 11.3 cents per share (2016: 27.1 cents per share).
Wescoal in considering the Company's financial position and strong annual performance, has agreed to distribute R12 million to shareholders as a dividend for the period. The full dividend declaration will be announced on SENS in due course.
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