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BRIEF-Stanmore Coal Says H1 Net Profit Attributable $21.3 Million, Up 165%

Published 12/02/2019, 10:20 am
Updated 12/02/2019, 10:30 am
© Reuters.  BRIEF-Stanmore Coal Says H1 Net Profit Attributable $21.3 Million, Up 165%
SMR
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Feb 12 (Reuters) - Stanmore Coal Ltd SMR.AX :

* DECLARED AN INTERIM H1 FY19 DIVIDEND OF 3 CPS FULLY FRANKED

* H1 NET PROFITATTRIBUTABLE $21.3 MILLION, UP 165%

* HY REVENUE FROM ORDINARY ACTIVITIES $148.284 MILLION VERSUS $82.772 MILLION

* HY COAL SALES OF 882 KT AT AN AVERAGE SALE PRICE ACHIEVED OF A$168/T

* ON TRACK TO DELIVER A SIGNIFICANT EBITDA GROWTH IN FY19

* GROUP IS CURRENTLY ON TRACK TO REACH FY19 PRODUCTION GUIDANCE OF 2.15MT

* UNDERLYING FOB COSTS WILL IMPROVE TO $86/T (EXCLUDING STATE ROYALTIES) IN FY19 FROM $98/T IN FY18

* EXPECTS COAL, SEMI SOFT & THERMAL PRICES TO REMAIN STABLE IN FY19, WELL ABOVE CO'S COST OF PRODUCTION

* FULL YEAR UNDERLYING EBITDA GUIDANCE REMAINS AT $140M TO $155M FOR FY19

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