Lower production to cut Wescoal’s full-year earnings

Lower production and lower sales volumes have contributed to a decrease in JSE-listed Wescoal’s headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ended March 31. The group, which will release its results on June 25, on Friday said it expected its HEPS to be between 17.4c and 20.8c – a year-on-year decrease of between 55% and 63%.