Yancoal Australia Ltd. (AU:YAL) has released an update.
Yancoal Australia Ltd. reported a significant drop in revenue to $3.14 billion for the first half of 2024, a 37% decrease from the previous year, attributable to a sharp decline in realized coal prices despite an increase in production and sales volumes. Operating EBITDA remained strong at $990 million with a margin of 32%, showcasing resilience in financial performance amid lower coal prices. The company has opted not to declare an interim dividend, retaining cash for potential corporate initiatives and ending with a robust cash balance of $1.55 billion.
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