SURFACE

Yancoal smashes half yearly records with strong margins

YANCOAL has posted record half yearly revenues and operating earnings with a hefty margin of 65% as it benefited from a 234% increase in the average realised coal price and effective cost control across its operations.

Yancoal CEO David Moult said the good result couldn’t have been achieved without the unwavering focus on the day-to-day operations by all the people across the seven mines.

Yancoal CEO David Moult said the good result couldn’t have been achieved without the unwavering focus on the day-to-day operations by all the people across the seven mines.

The company reported half yearly earnings before interest, tax, depreciation and amortisation of $3.2 billion from revenues of 4.8 billion. Net profit before tax was $2.5 billion compared to a $177...

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