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Thungela Resources ( OTCPK:TNGRF ): 1H Net profit for the reporting period was R3.0 billion as the Benchmark coal price softened considerably throughout the reporting period.
Revenue decreased by 45% to R14.4 billion mainly as a result of the sharp decline in Benchmark coal prices and wider discounts, which was partially alleviated by the impact of a weaker US dollar exchange rate.