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coal Whitehaven Coal FY profit down 95% Whitehaven Coal's full-year profit slumped 95 per cent due to lower coal prices but management believe demand will remain high in Asia.
Whitehaven Coal has had a 95 per cent fall in full-year profit due to lower coal prices but management is adamant there is strong demand for its supplies in Asia. Whitehaven’s net profit after tax dipped to $30.0 million after coal prices slipped due to ongoing US-China trade disputes and declined further as a result of the coronavirus pandemic.


Posted: 2020-08-26 07:04:00

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Verse of the day

Then came Peter to him, and said, Lord, how oft shall my brother sin against me, and I forgive him? till seven times? Jesus saith unto him, I say not unto thee, Until seven times: but, Until seventy times seven. Matthew, 18. 21

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