Renergen expects higher energy prices will help narrow headline loss

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Renergen first acquired its petroleum production rights on a farm in the Free State in 2013 for $1 and is now valued at about R5bn on the JSE

Helium and natural gas group Renergen expects to cut some of its losses as energy prices have risen globally and Covid-19 restrictions eased over the past year.

CEO Stefano Marani said in a trading statement on Tuesday the company expected its headline loss per share for the year to end-February to decrease from 36.29c to between 31.4c and 24.1c, an improvement of between 13.5% and 33.6% year on year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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