Whitehaven Coal delivers a profit surge and dividend splash

Whitehaven boss Paul Flynn said the new dividend would take shareholder returns over the past 18 months to almost $800 million.

“Importantly, we have achieved this result in spite of higher, but moderating costs, underscoring the resilience of the business as it continues to grow in scale across two of Australia’s highest quality coal basins,” he said.

“With first-rate development assets in our Vickery and Winchester South projects, we are strongly positioned to meet the wave of demand for quality thermal and metallurgical coal we are seeing through the region,» he said.

In a key sign of the strong half experienced by the expanding coal producer, Whitehaven’s revenue and net profit rose substantially even though its coal sales, at 10.3 million tonnes, were 14 per cent lower than the prior corresponding period.

Источник: Theage.com.au

Источник: Corruptioner.life

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