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Yancoal posts $850M profit

REPORTS of coal’s death as a fuel source might be ever-present, but for Yancoal Australia dealing in the fossil fuel remains astoundingly profitable with the company pocking a record after tax profit of A$852 million from revenue of $4.85 billion for 2018.

Haydn Black
Yancoal posts $850M profit

Yancoal, which claims to be Australia's pure-play coal producer, saw massive rise in profit, from $229 million for 2017, and has declared a final dividend of 28.5c, costing $377 million, bringing its total...

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