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News: WLC Wollongong Coal HY Net Loss Attributable Widens

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    20/11/18
    18:35
    Post #: 36576885

    Nov 20 (Reuters) - Wollongong Coal Ltd (WLC) :

    • COMPANY CONTINUES OPERATING WITHIN A STRICT BUDGET AND COST-CONTROLLED REGIME
    • DIRECTORS BELIEVE CONSOLIDATED ENTITY WOULD BE ABLE TO PUT ITS LIQUIDITY TROUBLES BEHIND IT
    • WOLLONGONG COAL - DIRECTORS CONSIDER CONSOLIDATED ENTITY TO BE A GOING CONCERN AND WILL BE ABLE TO MEET ITS DEBTS AND OBLIGATIONS AS THEY FALL DUE
    • HY REVENUE $34.4 MILLION VERSUS $20.2 MILLION
    • NET LOSS FOR HALF YEAR ATTRIBUTABLE $57.6 MILLION VERSUS LOSS OF $23.7 MILLION
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