Stanmore posts record half-year

Coal miner Stanmore Coal has reported a record first half, with revenues increasing by 791% on the previous corresponding period, while gross profits from operations nearly doubled.

Stanmore on Tuesday reported that revenue for the first half of the 2019 financial year reached A$148.28-million, up 79.1% on the previous corresponding period, while the underlying earnings before interest, tax, depreciation and amortization reached A$41.61-million.