Whitehaven Coal sees H1 profit rise 19%

Company News

by Rachael Jones

Whitehaven Coal (ASX:WHC) reported a profit of $305.8 million for the six months through December, up 19 per cent from $256.2 million in the same period a year earlier.

Sales revenue for the mining company was up 11 per cent to of $1,270.1 million.

Underlying EBITDA before significant items is $550.8 million, up 12 per cent. 

Directors declared an interim dividend of 15 cents a share, up from 13 cents a year ago.

They are also set to pay a special dividend worth 5 cents per share after higher coal prices across Asia.

Shares in Whitehaven Coal (ASX:WHC) are trading 6.68 per cent lower to $4.47.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.