JSE-listed Salungano Group, formerly Wescoal, has reported lower-than-expected interim results for the six months ended September 30, owing to the Vanggatfontein restart starting later than anticipated and other operational challenges. The group’s revenue decreased from R2.67-billion to R2.32-billion, while gross profit decreased from R342-million to R167-million when compared with the first six months of the prior financial year.
