New Hope Corporation Limited (AU:NHC) has released an update.
New Hope Corporation Limited reported a robust quarter with saleable coal production and coal sales climbing by over 20%, and a 21.6% surge in underlying EBITDA to A$218.8 million. The company’s cost efficiency improved at Bengalla Mine and it raised its FY24 coal sales guidance for New Acland Mine due to increased rail capacity. Despite a drop in the global index average price, the firm maintained consistent average sales prices in Australian dollars, supported by a favorable sales mix and foreign exchange rates.
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