Australia's Coronado Global top loser on benchmark on weak HY results

Coronado Global Resources

08/08/2023 01:40

** Shares of Coronado Global Resources  CRN.AX  slip as much
as 4.6% to A$1.570, on track for their worst day since Nov 7,
2022, if losses hold 
    ** Co emerges as top loser on the benchmark index
    ** The metallurgical coal producer reports a 24.6% fall on
half-year revenue to $1,493.2 million due to weak Australian met
coal prices, which came off their record highs from 2022
 urn:newsml:reuters.com:*:nPlx3MbpC6
    ** Also reports HY net income of $199.2 million, down 64.6% 
    ** Shares hit lowest since July 21 
    ** Stock down 17.1% this year, as of last close
    

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))