CAPITAL MARKETS

Whitehaven's earnings surge with coal price

WHITEHAVEN Coal has increased full-year earnings by almost 14 times despite its run-of-mine production being 3% lower at 20 million tonnes.

Whitehaven CEO Paul Flynn

Whitehaven CEO Paul Flynn

The company's EBITDA soared 1396% for the year to June 30 2022 and its annual revenues grew 216% to a record $4.9 billion on the back of achieved average coal price of A$325 per tonne for the period. ...

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