COMPANY ACTIVITY

Wesfarmers coal revenues and earnings rise

WESFARMERS Resources’ half yearly earnings for 2017 of $209 million was $71 million above the prior corresponding period, primarily due to revenue growth of 44.3% from its Queensland coal operations.

Lou Caruana
Wesfarmers' Curragh dragline in Queensland.

Wesfarmers' Curragh dragline in Queensland.

Earnings before interest tax for the half was 51.4% higher at $209 million. However, Wesfarmers managing director Rob Scott said, the cost of production at the company’s main asset, the Curragh dragline...

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