Aug 17 (Reuters) - Yancoal Australia Ltd (YAL) : BOARD ELECTED...

Aug 17 (Reuters) - Yancoal Australia Ltd (YAL) :

• BOARD ELECTED TO DECLARE 2022 INTERIM DIVIDEND ALLOCATION OF A$696 MILLION, A$0.5271 PER SHARE
• HY REVNUE FROM ORDINARY ACTIVITIES A$4,776 MILLION VERSUS A$1,775 MILLION
• HY NET PROFIT ATTRIBUTABLE A$1,738 MILLION VERSUS LOSS OF A$129 MILLION
• IN EUROPE, IMPENDING BAN ON RUSSIAN COAL TRADE WILL COME INTO EFFECT IN AUGUST 2022
• OVERALL DIRECT AND INDIRECT IMPACT OF EXTREME WET WEATHER FORECAST TO RESULT IN ESTIMATED LOSS OF 6.2MT OF ROM COAL (EQUITY) FOR FY
• THERMAL COAL PRICES, PARTICULARLY HIGH-ENERGY THERMAL COAL, LIKELY TO BE WELL SUPPORTED FOR REMAINDER OF 2022, PERHAPS INTO 2023
• HEAVY RAINFALL IN NSW AT START OF JULY RESULTED IN MANY OF OPEN CUT MINES SUSPENDING OPERATION FOR SEVERAL DAYS
• RAINFALL RAISES CONCERNS OVER H2 PRODUCTION OUTLOOK IF WET WEATHER PERSISTS
• TO DATE, YANCOAL HAS NOT RECEIVED ANY FORMAL OFFER OR PROPOSAL FROM YANKUANG ENERGY IN RELATION TO POTENTIAL TRANSACTION
• THERE IS NO CERTAINTY THAT THE POTENTIAL TRANSACTION WILL PROCEED, MATERIALISE OR BE CONSUMMATED
• DURING HY ENDED 30 JUNE, NEITHER YANCOAL NOR ANY OF ITS UNITS PURCHASED, SOLD OR REDEEMED YANCOAL'S LISTED SECURITIES
• POSITIVE OUTLOOK FOR COAL PRICES, AND RECORD 1H RESULT PUTS YANCOAL ON TRACK FOR ANOTHER FY RECORD RESULT IN 2022.
• THERE REMAINS RISK TO THE REVISED GUIDANCE IF WET WEATHER DISRUPTIONS EXCEED THE ALLOWANCES MADE
• IF THE RAIN FALLS AS PREDICTED, YANCOAL WILL FACE WATER STORAGE CAPACITY CONSTRAINTS WELL INTO 2023.