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Coronado Global Resources Reports FY24 Results and Declares Dividend Amid Financial Challenges

Story Highlights
  • Coronado Global Resources reported a 13% revenue decrease and a net loss for FY24.
  • The company declared a fully franked dividend of $0.005 per CDI despite financial challenges.
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Coronado Global Resources Reports FY24 Results and Declares Dividend Amid Financial Challenges

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The latest update is out from Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ).

Coronado Global Resources Inc. announced its annual financial results for the fiscal year ending December 31, 2024, reporting a 13% decrease in revenue from ordinary activities compared to the previous year, and a net loss of $108.9 million. The company declared a bi-annual fully franked ordinary dividend of $0.005 per Chess Depository Interest, payable in April 2025, despite the challenging financial performance, which could indicate a commitment to returning value to shareholders.

More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh

Coronado Global Resources Inc. operates in the coal industry, primarily focused on coal resources and coal reserves. The company is listed on the Australian Securities Exchange and is involved in the production and sale of coal, catering to a global market.

YTD Price Performance: -17.76%

Average Trading Volume: 1,993,357

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$1.05B

Learn more about CRN stock on TipRanks’ Stock Analysis page.

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