New Hope Corporation Limited
(ASX:NHC) has reported a net loss of $21.8 million for the financial year ended 31 July 2015.
The result marks a turnaround from a $58.4 million profit the previous period.
The energy producer announced a $76.3 million loss from impairments and other non-regular items after tax, including a $36 million write-down of its oil assets.
New Hope Managing Director Shane Stephan acknowledged the challenging conditions presented in FY15. But nodded to the company’s cost reductions as a key focus for the financial year ahead.
New Hope announced a fully franked final dividend of 2.5 cents per share and a special dividend of 3.5 cents per share.
