Revenue $327,340 286,737 +14%
EBITDA $102,466 127,302 -20%
Net profit after tax before non regular 41,141 73,596 -44%
Non regulars after tax (4,932) - -100%
Net profit after tax before non regular 36,209 73,596 -51%
The decline in profit is driven by a drop in the thermal coal price of 40 percent over the past
year.
The above is an extract of NHC's Ist quarter results.
In 2019 QTR One Interest, Tax , Depreciation and Amortisation was about $54 Million or 42% of EBITDA.
in 2020 QTR One Interest, Tax, Depreciation and Amortisation was about $63 Million or 61% of EBITDA.
I found it hard to understand how revenue can be up 14% and yet the company states "The decline in profit is driven by a drop in the thermal coal price of 40 percent over the past year." We will have to wait till we see the cash flow statement for the first six months to understand what is behind a rise in sales , yet the price of the some of the goods sold is down 40%.
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