Bathurst Resources (ASX:BRL) released their financial year 2019 results showing NPAT up at $45 million compared to $5.5 million in the prior corresponding period.
EBITDA is at $106.6 million up from $93.7 million last year.
The budget for FY20 export market pricing is based on 77 percent of an average hard coking coal benchmark of USD $177.50 per tonne at $0.6875 NZ:USD across all sales types, including thermal coal sales.
Two years ago Bathurst only sold thermal coal; now coal for steel making represents 74 percent of our revenue.
Export sales go to a wide range of customers in Asia, with variety in the types of coking coal sold and pricing structures.
Shares in Bathurst Resources (ASX:BRL) closed flat at $0.105 yesterday.