Whitehaven Coal Limited
(ASX:WHC) says it has made a modest return to profit of $1.7 million for the second half of the year.
The company has released its full year results for financial year 2015, reporting a net loss of $342.7 million for the period.
Whitehaven says the main component of the loss relates to impairments associated with the revised valuation of early stage exploration assets.
At an operating level, EBITDA increased 44 per cent to $130.3 million for the year.
Whitehaven coal CEO Paul Flynn says the result was a positive one for the company, given the market headwinds.
