Yancoal Australia reports 33% slump in annual profit

Reuters
02-20
Yancoal Australia reports 33% slump in annual profit

Feb 20 (Reuters) - Yancoal Australia YAL.AX on Thursday reported a 33% fall in its net profit after income tax attributable for the year, hurt by lower coal prices due to reduced demand in fiscal 2024.

The coal miner reported a net profit after income tax attributable (before non-recurring items) of A$1.22 billion ($777.51 million) for the year, compared to A$1.82 billion in the previous corresponding period.

($1 = 1.5691 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((Shivangi.Lahiri@thomsonreuters.com;))

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