Revenue ($m) 699.3, down 21 per cent from year-earlier 885.1
Pre-tax profit ($m) 37.2 v 177.3
Net profit ($m) -94.5 v 27.4
Interim dividend, nil v 1.5c
Whitehaven Coal managing director Paul Flynn says the company’s plan to spend more than $1 billion on new mines this decade won’t prevent it from also buying minority stakes in its existing mines as climate conscious partners flag intentions to sell.
The coal miner swung to a $94.46 million loss in the six months ended December 31 from a $27.4 million profit in the year-earlier period. Revenue fell 21 per cent to $699.3 million from the year-earlier $885.1 million.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
