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Yancoal Australia Reports Strong 2024 Financial Results

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Yancoal Australia Reports Strong 2024 Financial Results

Yankuang Energy Group Company Limited Class H ( (HK:1171) ) has issued an update.

Yancoal Australia, a subsidiary of Yankuang Energy Group listed on both the ASX and HKEX, has announced its 2024 annual results. The company reported revenues of AUD 6,860 million, a profit before tax of AUD 1,689 million, and a profit after tax of AUD 1,216 million. Additionally, Yancoal declared a fully franked final dividend of AUD 687 million, translating to approximately AUD 0.52 per share. These results reflect strong financial performance and are likely to have a positive impact on Yankuang’s market position and stakeholders’ interests.

More about Yankuang Energy Group Company Limited Class H

Yankuang Energy Group Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates primarily in the energy sector, focusing on coal production and related energy services. The company holds a significant market position with its shares listed on the Hong Kong Stock Exchange.

YTD Price Performance: -11.40%

Average Trading Volume: 2,279

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $14.86B

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