Yancoal Reports Downturn Yet Declares Dividend

Yancoal Australia Ltd. (AU:YAL) has released an update.

Yancoal Australia Ltd has reported a significant decline in its half-year financial performance for 2024, with revenues down by 21% and profits before tax reduced by 59% compared to the previous year. Despite the downturn, the company declared a final dividend for 2023 at A$0.3250 per share, totaling $429 million, which is notably lower than the $924 million dividend paid in the previous year. The company’s net tangible assets per share saw a slight increase of 5%.

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