Original article by Peter Ker
The Australian Financial Review – Page: 17 : 22-Mar-23

New Hope Corporation has posted a 2022-23 interim net profit of $668.6m, which is 102 per cent higher than previously. New Hope received an average of $467.40 a tonne for its thermal coal during the six months to 31 January. Shareholders will receive an interim dividend of $0.30 per share and a special dividend of $0.10 a share. Meanwhile, New Hope expects coal production from its existing mines to exceed 14 million tonnes in 2026, compared with 7.6 million tonnes in 2022. However, CEO Rob Bishop warns that a coal shortage is looming, given that the new mines that are opening in Australia will not be sufficient to offset the number of mines that are slated to close in coming years.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC