Strong June quarter fires Terracom's stellar result

HEFTY margins from the sales of coal from Terracom’s Blair Athol mine in Queensland in the June quarter helped the company increase its annual revenues 46.5% to $804.6 million.

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Terracom's Blair Athol mine in Queensland.

The company's operating earnings before interest tax, depreciation and amortisation more than doubled in the 12 months to June 2022 to $384 million, enabling the company to pay out its first dividend