27
Feb
01:19
Yancoal Australia’s FY23 earnings fall
Australia-listed coal miner Yancoal Australia has reported lower profit in 2023 in the face of retreating coal prices, Kallanish notes.
The firm says in a statement that its profit after tax for the year tumbled 49% to AUD 1.82 billion ($1.19 billion) in 2023, from AUD 3.59 billion in 2022.
The firm’s revenue for the year also fell 26% to AUD 7.78 billion from 10.55 billion a year ago, due to lower realized coal sales prices.
The firm’s averag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous