Bathurst lowers earnings guidance as exports hit by COVID

NEW Zealand coal miner Bathurst Resources has revised down its annual earnings guidance because the value of its exports is being challenged by COVID-19 and fluctuations in the coking coal pricing market.

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Bathurst lowers earnings guidance as exports hit by COVID Bathurst lowers earnings guidance as exports hit by COVID Bathurst lowers earnings guidance as exports hit by COVID Bathurst lowers earnings guidance as exports hit by COVID Bathurst lowers earnings guidance as exports hit by COVID

The new forecast also recognises the impacts of a higher NZD-USD exchange rate.

Bathurst CEO Richard Tacon said the company revised its earnings before interest, tax, depreciation and amortisation guidance to NZ$55.4 million from $62.1 million announced in the previous quarterly.