ASX-listed Universal Coal is on track to achieve forecast earnings before interest, taxes, depreciation and amortisation (Ebitda) guidance of A$93-million for the 2019 financial year.
The coal miner achieved Ebitda of A$30.5-million, of which A$17-million was attributable, for the quarter ended December 31, which is an increase of 53% on the previous quarter’s Ebitda of A$20-million, of which A$11-million was attributable.