Wescoal seals recovery after lossmaking

[miningmx.com] — WESCOAL Holdings steadied its ship after loss-making in the previous financial year posting a R19.6m interim operating profit, a 2% year-on-year improvement, and said its improved performance would continue for the remainder of the financial year.

“We are very happy with these results,” said Andre Boje, CEO of Wescoal Holdings, who added that despite the small profit increase, the company had recovered from the first loss of its history.

“We are looking at a very good second half of the year when it comes to revenue,” Boje said.