Yancoal’s profits boosted by Moolarben re-evaluation

摘要

Chinese-backed Australian pure play coal producer Yancoal recorded a profit after tax of A$605m ($436m) for January-June 2020, a 7% increase from A$564m ($415m) in the same six months of 2019. The profit was bolstered by non-operating items of A$576m ($415m), the result of a one-off gain of A$653m ($470m) in the re-measurement of the 95% stake in the Moolarben mine in the New South Wales’ Hunter Valley following the purchase of an additional 10% interest in the mine.