(Adds background in paragraph 2 and further details about group performance in paragraphs 5-6)
Sept 19 (Reuters) - Australian miner New Hope Corp (NHC) posted a nearly 11% rise in its fiscal 2023 profit on Tuesday, boosted by strong demand and realised prices for coal.
Global coal consumption has hit a record high as strong growth in Asia outpaced a decline in the United States and Europe. The region also helped cap a decline in thermal coal prices.
New Hope sold each tonne of coal for an average A$346.73 during the year, up from A$281.84 a year earlier.
The company posted a net profit attributable of A$1.09 billion ($701.52 million) for the year ended July 31, compared with A$983 million in the previous year.
The coal miner declared a final dividend of 21.0 Australian cents per share and a special dividend of 9.0 cents per share.
Last year, it had a final dividend of 31.0 cents per share, and a special dividend of 25.0 cents per share. ($1 = 1.5538 Australian dollars)
News: NHC UPDATE 1-Australia's New Hope annual profit jumps on strong coal demand
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.55 |
Change
0.030(0.66%) |
Mkt cap ! $3.843B | |||
| Open | High | Low | Value | Volume |
| $4.52 | $4.59 | $4.51 | $7.060M | 1.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 31801 | $4.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.55 | 39137 | 33 |
View Market Depth
| Last trade - 15.19pm 11/08/2025 (20 minute delay) ? |
| NHC (ASX) Chart |