Whitehaven swings to interim profit, output hits record

February 4, 2016

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Coal miner Whitehaven Coal has posted an interim profit after a 54% surge in revenue on the back of record run-of-mine (RoM) output.

ASX-listed Whitehaven on Friday reported net profit of A$7.8-million for the six months to the end of December, compared with a loss of $77.9-million in corresponding period. Sales revenue for the interim period increased to A$574.3-million, while operating earnings before interest, tax, depreciation and amortisation doubled on the previous corresponding period, to A$106.4-million.

Category: General