Whitehaven Coal has reported an 87% drop in net profit
Автор: IG Australia
Загружено: 2024-08-21
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#WhitehavenCoal has reported an 87% drop in net profit after tax to $355 million, driven by inflationary pressures and reduced output at its Narrabri mine.
Despite this decline, Whitehaven announced a 13-cent dividend and revealed the sale of a 30% stake in its #Blackwatermine to #NipponSteel for $1.5 billion. This strategic move boosted Whitehaven’s stock by 5%, reflecting investor confidence in the company’s ability to strengthen its balance sheet and meet its $500 million obligation to #BHP.
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This video was created on 22 August for IG audiences by ausbiz.
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