Sept 22 (Reuters) - Australian coal miner New Hope Corp (NHC) on Tuesday posted an annual loss compared with a profit last year, hurt by a plunge in coal prices as power demand fell in its key markets due to the COVID-19 pandemic.
For year ended July 31, the loss after tax from continuing operations was A$156.8 million ($113.35 million), compared with a profit of A$210.4 million last year, it said in a statement.
In August, New Hope reported a near 30% drop in its July quarter coal sales owing to a drop in demand from major markets such as Japan and South Korea, and flagged disruption to its operations and oil production activities from border restrictions in Queensland state.
It also said its Queensland operations will continue to cut down production in the year ahead as near-term demand outlook for thermal coal remains uncertain.
The coal miner did not declare a final dividend, compared with 9 cents a share last year.
($1 = 1.3833 Australian dollars)
- Forums
- ASX - By Stock
- NHC
- News: NHC Australia's New Hope Corp reports annual loss on slump in coal prices
NHC
new hope corporation limited
Add to My Watchlist
0.46%
!
$4.41

News: NHC Australia's New Hope Corp reports annual loss on slump in coal prices
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$4.41 |
Change
0.020(0.46%) |
Mkt cap ! $3.716B |
Open | High | Low | Value | Volume |
$4.35 | $4.41 | $4.33 | $6.630M | 1.512M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $4.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.41 | 6744 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 4.390 |
1 | 13189 | 4.380 |
6 | 29112 | 4.370 |
1 | 610 | 4.360 |
4 | 8282 | 4.350 |
Price($) | Vol. | No. |
---|---|---|
4.410 | 6744 | 2 |
4.420 | 7664 | 8 |
4.430 | 23791 | 2 |
4.440 | 15962 | 3 |
4.450 | 20000 | 4 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
Featured News
NHC (ASX) Chart |