According to its first half earnings update, Wesfarmers Ltd
(ASX:WES) is expecting its earnings before interest and tax (EBIT) to be between $135 million and $140 million for the first half of 2017.
The company says the better than expected results for its resource business was driven by strong production.
Wesfarmers also says an increase in production supported higher than expected sales for both its Curragh and Bengalla coal mines.
The company reported, in the fourth-quarter of 2016, its Curragh mine produced 3.2 million tonnes of coal (which was 22.5% higher than the previous quarter) and its Bengalla mine produced 902,000 tonnes (higher than the previous quarter by 11.1%).
Wesfarmers posted a net profit of $407 million at 30 June 2016.
