CRN, IFL and NWL: Three ASX 200 closes in Green on Thursday

January 23, 2025 05:16 PM AEDT | By Team Kalkine Media

CRN, IFL and NWL: Three ASX 200 closes in Green on Thursday — Image source: Shutterstock

Coronado Global Resources Inc (ASX:CRN)

Shares of Coronado Global Resources surged 6% to close at 75.2 cents following the release of its strong quarterly update. The coal miner reported fourth-quarter revenue of $558 million, taking its full-year revenue to an impressive $2,508 million.

The company highlighted a robust cash balance of $340 million and available liquidity of $468 million as of the quarter's end. A key achievement was the 17% quarter-on-quarter reduction in average mining costs per tonne sold, which now stands at $97.30. Coronado attributed this cost efficiency to the success of its productivity improvement and cost reduction program at the Curragh Complex.

Insignia Financial Ltd (ASX:IFL)

Insignia Financial saw its share price rise nearly 2% to $4.51 after announcing an enhanced takeover bid. Bain Capital has sweetened its non-binding offer for the financial services provider, now proposing $4.60 per share, matching a competing offer from CC Capital.

In response, Insignia Financial has granted Bain Capital a limited period of access to certain non-public information on a non-exclusive basis to evaluate the potential deal further. The increased bid has fueled optimism among investors, lifting the company’s share price.

Netwealth Group Ltd (ASX:NWL)

Netwealth shares climbed 2% to $29.98 after the investment platform provider posted record-breaking quarterly results. The company reported funds under administration (FUA) net inflows of $4.5 billion for the December quarter, marking a 69.8% increase compared to the same period last year.

This performance surpassed the previous record of $4 billion in net inflows set in the September 2024 quarter. Netwealth’s FUA stood at $101.6 billion as of December 31, representing an annual increase of $23.6 billion or 30.2%. Investors welcomed the growth, pushing the share price higher.

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