Australia's Coronado Global slides on swinging to annual loss

Coronado Global Resources

20/02/2025 04:31

** Shares of Coronado Global Resources  CRN.AX  fall 3.7% to
A$0.5825
    ** Stock fell as much as 11.6% to A$0.535 in early trade,
hitting its lowest level since May 25, 2021
    ** Coal producer swings to loss of A$108.9 mln ($69.27 mln)
for FY24 vs profit of A$156.1 mln logged last year
    ** Says co challenged by sustained inflation, taxes and
royalties in a year of declining Met coal prices
    ** More than 6.4 mln shares change hands, 3 times the 30-day
avg
    ** Stock down ~24.2% YTD, including current session's moves

($1 = 1.5721 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))