Yancoal reduces loss

YANCOAL has reduced its loss for the half-year ended June 30 to $13.9 million compared to the $180.5 million for the previous corresponding period as processing efficiencies continued to drive production and throughput rates at its Moolarben complex in New South Wales.

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Yancoal reduces loss Yancoal reduces loss Yancoal reduces loss Yancoal reduces loss Yancoal reduces loss

Operating earnings before interest and tax was $198.3 million, representing a period of significant turnaround for the business, up $299.8 million on the loss of $101.

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