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Whitehaven Coal, Full Year Result FY2017

Record profit and distribution to shareholders

FINANCIAL PERFORMANCE

Whitehaven Coal, Australia’s leading independent high quality coal company with five operating mines in North West NSW, has reported a net profit after tax of $405.4 million for the year ended 30 June 2017.

All key financial performance metrics improved on the previous corresponding period (pcp):

- Sales revenue of $1,773.2 million, up 52%;
- Operating EBITDA before significant items of $714.2 million, up 219%;
- Cash generated from operations of $655.3 million, up 143%;
- Net debt reduced to $311.1 million at 30 June 2017 with gearing at 9%;
- Drawable debt facility of $1.0 billion refinanced into a revolver with maturity extended to 2021;
- The Board has proposed to make a distribution to shareholders of 20 cents per share; and
- As per previous guidance unit costs increased modestly to $58/t.


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