Coronado Resources will grow its balance sheet to prepare for future acquisitions after the coal miner reported a 184 per cent rise in annual profits.
Buoyed by record coal prices, Coronado Resources said profits during the 2021 financial year totalled $189.4 million, a massive turnaround from the $226.5 million loss it reported one year earlier.
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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.
