Yancoal increases profit and production

Along with increasing coal production in the first half of 2019, ASX-listed Yancoal Australia has reported an increase in profit after tax, which reached $564-million, compared with the $361-million in the previous corresponding period.

Revenue from continuing operations remained stagnant over the period under review, at $2.3-billion, while operating earnings before interest, tax, depreciation and amortisation declined from $980-million to $940-million between the first half of 2018 and the first half of 2019.