Stanmore reports record profits

Coal miner Stanmore Coal has reported record net profits after tax for the 2019 financial year on the back of higher sales volumes and prices.

The ASX-listed miner on Thursday reported net profit after tax rose to A$91.6-million, up from the A$5.9-million reported in the previous financial year, with revenues nearly doubling from A$208-million to A$403-million over the same period.