New Hope Group notches best full year profit before non regular items in company’s history
New Hope Group (ASX:NHC) has posted FY19 net profit before non regular items of 268 million (up 3 per cent on PCP). The company says the result it the best in its history.
Revenue of $1.3 billion from operations was up 21 per cent on the prior corresponding period.
Earnings (EBITDA) before non regular items rose 11 per cent to $517 million.
The company declared a fully franked final dividend of 9.0 cents per share.
The result comes on the back of an increased share of coal sales from the Bengalla Joint Venture.
Shares in New Hope Group (ASX:NHC) are trading 1.2 per cent lower at $2.48.
Copyright 2019 – Finance News Network
Source: Finance News Network
