Whitehaven posts record profits

Coal miner Whitehaven Coal has reported a record net profit after tax for the first half of 2019, on the back of an 11% increase in sales revenue.

Net profit after tax for the six months to December reached A$305.8-million, up 19% on the previous corresponding period, after revenues increased to A$1.27-billion, up from the A$1.14-billion in the previous corresponding period.