New Hope FY Net Profit A$1.09 Billion, Up 11% On-Year

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By News Room 0 Min Read

By Rhiannon Hoyle

Australian coal miner New Hope on Tuesday reported an 11% rise in annual profit and said it will pay another special dividend, as strong coal prices overshadowed weaker sales.

The company said it made a net profit of 1.09 billion Australian dollars (US$702 million) for the 12 months through July, up from a profit of A$983.0…

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