Whitehaven Coal Ltd (ASX: WHC) reported its half year report to 31 December 2017 today. The Whitehaven share price is down 5.7% so far.
Whitehaven Coal is the country’s largest independent coal producer.
Here are some of the highlights compared to last year:
- Day to day trading, or EBITDA, up 42% to $460.6 million (What the heck is EBITDA?)
- ‘Cash generated from operations’ increased by 55% to $409.7 million
- Net profit increasing by 63% to $257.2 million
- Dividend implemented at 13 cents per share
Whitehaven put a large part of the result down to the improved price realised per tonne of $114.
The coal company used a lot of its profit to improve the balance sheet, with net debt down to $146.9 million at 31 December 2017 from $311.1 million at June 2017.
Whitehaven expects that demand for coal will increase over the next five years, especially from other South Eastern Asian countries growing.
Join Rask’s Investor Club Newsletter Today
You can join Rask’s FREE investor’s club newsletter today for all of the latest news and education on investing. Join today – it doesn’t cost a thing. BUT, you’ll need a good sense of humour and a willingness to learn.
Keep Reading
Disclaimer: This article contains general information only. It is no substitute for licensed financial advice and should not be relied upon. By using our website you agree to our Disclaimer & Terms of Use and Privacy Policy.
