Whitehaven Coal Limited (AU:WHC) has released an update.
Whitehaven Coal Limited has reported a robust first quarter, following the successful acquisition and integration of Queensland’s metallurgical coal mines, with production and sales meeting the year’s guidance. Performance improvements were also noted at the company’s New South Wales operations, contributing to a 34% increase in production and a 26% rise in sales compared to the previous fiscal year. The company’s net debt stood at A$1.3 billion, underscoring sound capital management amidst strategic expansion.
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