Whitehaven Coal's profit surges to $158m in July-December on price rally

Australia’s Whitehaven Coal reported a net profit of $157.5 million for the six months to December on the back of an increase in coal sales, stronger prices and its cost-cutting efforts.

This is more than 20 times the profit after taxation of $7.8 million that it recorded for the corresponding period a year earlier, according to its half-year results released on Friday February 17. The miner sold 1.48 million tonnes of metallurgical coal in the June-December period, up 56% on the year from the 951,000 tonnes...

Published

Sophie Zhao

February 17, 2017

07:02 GMT

Singapore