Whitehaven Coal: a record year
WHITEHAVEN Coal has more than doubled its coal production over the last five years, with further upside expected ahead as its Vickery extension and Winchester South projects come online. The first half of FY19 saw Whitehaven Coal post a net profit of $305.8 million after tax, sales revenue grow by 11 per cent, and its net debt pile shrink to $244.2 million. While the company reported a positive outlook for the rest of 2019, it had downgraded its FY19 guidance from between 22 and 23 million tonnes to between 21.5 and 22.5 million tonnes amid issues at its Narrabri mine. But other than an expected decrease in production, it was clear skies ahead for Whitehaven Coal. In a recent investor briefing,…