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New UserAustralian miner New Hope reports interim profit on surging coal prices
22 Mar 2022
Australian coal miner New Hope Corp NHC.AX on Tuesday posted a half-year profit as prices of thermal coal rose in key markets, following a recovery in global demand for the commodity after a pandemic-induced slump.
The company posted a profit attributable to shareholders of A$330.4 million ($244.23 million) for the six months ended Jan. 31, compared with a loss of A$55.4 million a year earlier.