Wescoal Holdings steadied its ship after loss making in the previous financial year posting a ZAR 19.6 million interim operating profit, a 2% YoY improvement and said its improved performance would continue for the remainder of the financial year.

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

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

(Sourced from miningmx.com)