04
Mar
08:22
Yancoal's profits narrow, production increases in 2019
The Australian subsidiary of China's Yankuang Group, Yancoal, saw higher production but lower profits after tax in 2019. The company's financial performance was strongly influenced by the deterioration in international coal prices during 2019, forcing a decline in operating revenue, Kallanish notes.
According to Yancoal's 2019 annual report, revenue from continuing operations for 2019 was AUD 4.46 billion ($2.96 billion), down AUD 390 million from…
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Anonymous
Very good overview of the weekly steel market.
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