Australia's Terracom falls on poor output, lower QoQ earnings

Terracom

23/01/2023 01:35

** Shares of Australia's Terracom  TER.AX  fall as much as
4.4% to A$0.99, set to lose the most since Jan. 12, if losses
hold
    ** The coal miner announces December-quarter total coal
sales of 2.05 MT, down from 2.34 MT in the September quarter
    ** Says operating EBITDA was A$150 million ($104.84 million)
for the December quarter, compared with A$180 mln for the
previous quarter 
    ** Co says next dividend is expected to be declared in
February and paid in March
    ** Stock jumped over five-fold in 2022 
($1 = 1.4308 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))