QCOAL's profits took a hit in FY2020 despite its Byerwen coking coal mine in Queensland ramping up production during the year.
QCoal's Byerwen coking coal project in Queensland significantly expanded production to 10 million tonnes.
Although annual revenue rose to $429 million in FY2020, QCoal's net profit plunged 28% to $86 million. The increased cost of exporting coal ate into profits, leading to an increase in expenses and the...
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