Bathurst Resources show NPAT rise to $45 million from last year’s $5.5 million

Company News

by Rachael Jones

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.
 

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.