The Global Resource For Connecting Buyers and Sellers

Yancoal narrows interim losses

ASX-listed Yancoal has narrowed its loss during the financial half-year ended June, as higher demand for quality thermal coals drove price improvements throughout the reporting period, buoyed by the impact of the Queensland cyclone event at the beginning of the year.

The miner reported an after-tax loss of A$13.9-million, compared with the A$180.5-million loss of the previous corresponding period.