New Hope Corporation Limited (“New Hope”) completed the sale of its international coal assets in Singapore on 22 June 2005. The final settlement amount received bythe Company was US$406 million. As previously advised, the Company will now complete a strategic review, of the proposed utilisation of the sale proceeds, with an announcement to be made by the time the Company releases its full year results in September 2005.
The Directors of New Hope advise that for the 10 months to May 2005, the Australian operations net profit after tax is some 160% higher than the corresponding 10 months to May 2004. The improved result reflects the benefit of higher export coal prices.
New Hope Corporation Limited (“New Hope”) completed the sale of...
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