BUZZ-Australia's Coronado Global slides on swinging to annual loss

Reuters
02-20
BUZZ-Australia's Coronado Global slides on swinging to annual loss

** Shares of Coronado Global Resources CRN.AX fall 3.7% to A$0.5825

** Stock fell as much as 11.6% to A$0.535 in early trade, hitting its lowest level since May 25, 2021

** Coal producer swings to loss of A$108.9 mln ($69.27 mln) for FY24 vs profit of A$156.1 mln logged last year

** Says co challenged by sustained inflation, taxes and royalties in a year of declining Met coal prices

** More than 6.4 mln shares change hands, 3 times the 30-day avg

** Stock down ~24.2% YTD, including current session's moves

($1 = 1.5721 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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