New Hope Group notches best full year profit before non regular items in company's history

Company News

by Anna Napoli

New Hope Group (ASX:NHC) has posted FY19 net profit before non regular items of 268 million (up 3 per cent on PCP). The company says the result it the best in its history.

Revenue of $1.3 billion from operations was up 21 per cent on the prior corresponding period.

Earnings (EBITDA) before non regular items rose 11 per cent to $517 million.

The company declared a fully franked final dividend of 9.0 cents per share.

The result comes on the back of an increased share of coal sales from the Bengalla Joint Venture.

Shares in New Hope Group (ASX:NHC) are trading 1.2 per cent lower at $2.48.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.