Whitehaven Coal Ltd Surges on robust FY 18 results

Whitehaven Coal Ltd Surges on - Kalkine Media

Robust FY 18 Financial Performance: Whitehaven Coal Ltd (ASX: WHC), Australia’s biggest independent coal miner, saw its stock price rising 2.66% on August 14, 2018, before market close. The company reported record performance for FY 18 with approximately 30% growth in net profit after tax (NPAT) of $525.6 million. The company’s NPAT growth in FY 18 is driven by 32% growth in the Operating EBITDA before significant items to $940.0m. The growth in the underlying EBITDA result was driven on back of a significant increase in the EBITDA margin to $59/t in FY2018, which is up on the $46/t margin achieved in FY2017. This increase was driven by a strong operating performance along with the strong coal price environment, particularly in respect of high quality thermal coal.\

[optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

The company’s revenue increased to $2,257.4m in FY18 from $1,773.2m in FY17, driven by the A$18/t rise in A$ realised prices to an average A$130/t in FY18 from A$112/t in FY17 and by a rise in sales of produced coal to 16.1Mt in FY18 from 15.5Mt in FY17. Moreover, during FY 17, cash generated from operations increased by 30% to $854.0m, while net debt was reported of $270.4m at 30 June 2018 and the gearing got reduced to 7%.

About 20.9 million tonnes of saleable coal has been produced in the year, and this is as per forecasts while being flat on previous year. Additionally, for FY 19, WHC expects saleable coal production to be in the range of 22.0Mt to 23.0Mt. Costs for the year 2018 are expected to increase modestly to $64/t excluding royalties due to higher fuel costs and longer hauls at Maules Creek.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report