Original article by Paul Garvey
The Australian – Page: 19 & 22 : 27-Feb-19

Yancoal Australia has posted a 2018 net profit of $852m, compared with $229m previously, while factors such as rising coal prices lifted operating EBIT to $2.18bn. CEO Reinhold Schmidt notes that Yancoal has reduced its dependence on exports to China after increasing its export volumes to other countries in Asia. He has also rejected suggestions that China’s recent coal import restriction were prompted by trade tensions with Australia. Yancoal shareholders will receive a final dividend of $0.126 per share, and a full-year payout of $0.2855.

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YANCOAL AUSTRALIA LIMITED – ASX YAL, COAL AND ALLIED INDUSTRIES LIMITED, RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, ADANI MINING PTY LTD