summary before these negative nellies start their game of wrong...

summary before these negative nellies start their game of wrong info, this is inline with all coal companies around the world and cyclical nature of coal prices... the profits are rationalizing after the black swan event of Russia and Ukraine war, Based on market trends and current estimates, coal prices in 2025 could range between A$150 to A$250 per tonne, depending on how these factors play out, Yancoal is printing money

Financial Performance:

• Revenue: The revenue decreased by 21%, from $3,976 million in the first half of 2023 to $3,138 million in 2024, mainly due to lower coal prices globally.
• Profit: Net profit after tax also decreased by 57%, from $973 million to $420 million.
• Earnings Per Share: Basic earnings per share dropped significantly by 57%, from 73.7 cents to 31.9 cents.
• Dividends: No interim dividend was declared for the half-year ended June 2024.

2. Coal Production:

• Saleable Production: There was a 16% increase in saleable coal production, reaching 21.6 Mt (million tonnes), compared to 18.6 Mt in 2023.
• ROM (Run-of-Mine) Production: This increased by 7%, from 26 Mt to 27.9 Mt, demonstrating improved operational efficiency.
• Coal Sales Volume: Total coal sales volume rose by 17%, driven by an 18% rise in attributable saleable production.

3. Market and Pricing:

• Thermal Coal: Sales revenue of thermal coal fell due to a 39% drop in average selling price from A$256 to A$156 per tonne.
• Metallurgical Coal: Sales revenue also decreased, as the selling price fell by 18%, from A$389 to A$319 per tonne.
• China and Japan: Significant shifts in export revenue destinations, with a notable increase in sales to China, from 15% to 33% of total coal sales revenue, and a decrease in revenue from Japan.

4. Operational Challenges and Improvements:

• Weather Conditions: Drier weather in 2024 enabled improved coal production, following challenges due to rain in 2023.
• Cost Control: Average operating costs per tonne decreased by 7%, from A$109 to A$101, helped by higher production volumes.

5. Environmental and Regulatory Factors:

• The report discusses Yancoal's focus on reducing emissions, improving environmental management, and complying with Australian and state-level regulations related to emissions reduction.