Australia's Terracom rises on higher earnings forecast, dividend

Terracom

10/06/2022 02:07

** Australian coal miner Terracom  TER.AX  rises as much as
10.2% to A$0.865
    ** Terracom expects operating EBITDA of A$224 million 
($158.93 million) in the June quarter, compared with reported
operating EBITDA of A$23.9 million a year ago  urn:newsml:reuters.com:*:nASX9TWZP2
 urn:newsml:reuters.com:*:nASX8ySX5k 
    ** Says it expects to pay an unfranked dividend of 10
Australian cents per share in September - the first dividend
since the repayment of its $167 million Euroclear Bond
    ** Terracom has benefited from recent rise in energy prices
- stock has risen over 160% since the end of February when
Russia invaded Ukraine 


($1 = 1.4094 Australian dollars)
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))