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BRIEF-Whitehaven Coal says HY NPAT attributable $157.5 mln vs $7.8 mln

Published 17/02/2017, 08:51 am
© Reuters. BRIEF-Whitehaven Coal says HY NPAT attributable $157.5 mln vs $7.8 mln
WHC
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Feb 17 (Reuters) - Whitehaven Coal Ltd WHC.AX -

* Directors resolved not to pay an interim dividend for half year.

* Hy NPAT attributable $157.5 million versus profit of $7.8 million

* Hy revenue from ordinary activities $823.5 million, up 43 percent

* Production in second half of fy2017 is planned to be higher than in first half.

* It is expected that guidance range of 21mt to 22mt provided with fy2016 results will be achieved.

* "Much of growth in Asian energy demand is expected to be driven by new power stations"

* "Coal prices will remain constructive"

* "Maules Creek continues to ramp up and is forecast to produce at an annualised rate of 10.5mt in second half"

* "Coal markets changed in mid-2016 following supply reductions overseas"

* Thermal and metallurgical coal prices may fluctuate in short term Source text for Eikon: ID:nASX7XJq3G Further company coverage: WHC.AX

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