** Shares of Australia's New Hope Corporation NHC.AX gain 8.7% to A$4.02; set for strongest trading session since June 8, 2023
** The coal miner reports HY earnings of A$340.3 mln ($217.11 mln), higher than A$251.7 mln reported a year ago and market estimates of A$302.2 mln
** Lifts interim dividend to 19 Australian cents/share, from 17 Australian cents apiece last year
** Announces share buyback program of A$100 mln
** Total coal sales for six months rises 44% to 5.4 mln metric tons, driven primarily by a significant increase in output at the New Acland mine in Queensland
** Stock down 20.6% YTD
($1 = 1.5674 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.