TER had a 5% increase in sales for the Dec Q2 however the average realised coal price was A$407/t, as oppose to Sept Q1 which was A$497/t. Add to that the lower production and sales in SA due to heavy rain. This is the main reason EBITDA is $30 million lower than Q1. The positive is TER has $113 million in cash plus restricted cash of $51 million. So safe to safe we will receive another $0.10 fully franked dividend in March.
Ann: Quarterly Report - October to December 2022, page-7
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