Original article by Peter Ker
The Australian Financial Review – Page: 15 : 19-Sep-18

New Hope Corporation has posted a 2017-18 underlying profit of $253m, which is 96 per cent higher than previously. The result was underpinned by higher commodity prices and increased production. Meanwhile, CEO Shane Stephan forecasts that demand for Australian coal will remain strong over the next six months, despite looming industrial production cutbacks in China. He argues that the traditional winter shutdown in China primarily reduces demand for local rather than imported coal, which tends to be of higher quality.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, RIO TINTO LIMITED – ASX RIO