New Hope overcomes the odds

NEW Hope Corporation has increased its net profit after tax 174% year-on-year to $A503.1 million for the 2010-11 financial year, as its gains from Arrow Energy shares outweighed the flooding impacts to its Queensland thermal coal mines.

New Hope overcomes the odds New Hope overcomes the odds New Hope overcomes the odds New Hope overcomes the odds New Hope overcomes the odds

An early shareholder in Arrow Energy, NHC finalised the sale of its significant stake in August 2010, which resulted in $329.4 million NPAT for the recent financial year.

NHC also made $40.

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