Whitehaven Coal Limited
(ASX:WHC) advises that it expects to achieve EBITDA in the range of $100m to $105m for H1FY2016 and confirms its guidance of being profitable in the first half of the financial year. This represents an almost doubling of EBITDA performance compared with the previous corresponding period.
Cash margin performance in the half year is expected to exceed the $13 per tonne margin reported for the financial year ended 30 June 2015. This strong cash flow generation will enable Whitehaven to reduce net debt over FY2016.
The company’s full year guidance for ROM coal production on a 100% basis for FY2016 has also been upgraded to a range of 19.5mtpa to 20.1mtpa. Previous guidance was in the range of 18.8mtpa to 19.4mtpa.
For further information please download PDF attached:
