Original article by Nick Evans
The Australian – Page: 13 & 16 : 20-Sep-23

New Hope Corporation has posted a net profit of $1.08bn for the year to 31 July, which is 11 per cent higher than previously. Underlying EBITDA was also up 11 per cent to $1.75bn, and revenue rose by 7.9 per cent. The coal miner has advised that it received an average realised price of $346.73 per tonne, a year-on-year increase of 23 per cent. New Hope sold just $79.6m worth of coal to Chinese buyers in its 2022-23 financial year, despite the removal of the ban on Australia coal imports; CEO Rob Bishop says New Hope will continue to prioritise its major customers in Japan and Taiwan.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC