Whitehaven earnings increase almost 14-fold

WHITEHAVEN Coal has increased yearly earnings by almost 14 times despite its run-of-mine production being 3% lower than FY2021 at 20 million tonnes.

 Whitehaven earnings increase almost 14-fold  Whitehaven earnings increase almost 14-fold  Whitehaven earnings increase almost 14-fold  Whitehaven earnings increase almost 14-fold  Whitehaven earnings increase almost 14-fold

Whitehaven expects to deliver higher RoM production and coal sales in FY23 at its Narrabri longwall mine in NSW.

The company's earnings before interest, tax, depreciation and amortisation soared 1396% for the year to June 30 2022 and its annual revenues grew 216% to a record $4.