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Australia's Whitehaven posts 29% fall in full-year profit

Australia's Whitehaven posts 29% fall in full-year profit

- Australia's Whitehaven Coal WHC.AX reported a 29% drop in its full-year profit on Wednesday, weighed by lower realised coal prices.

The country's largest independent coal miner reported an underlying net profit after tax of A$227 million ($160.78 million) for the year ended June 30, compared with A$319 million a year earlier.

That missed the Visible Alpha estimate of A$247.6 million.


($1 = 1.4118 Australian dollars)


(Reporting by Sherin Sunny and Jasmeen Ara Shaikh in Bengaluru; Editing by Leroy Leo)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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