Whitehaven to boost debt reduction

February 17, 2017

Whitehaven Coal's half-year profit has skyrocketed thanks to a jump in coal prices.

Whitehaven Coal's first-half profit has skyrocketed to $157.5 million, from $7.8 million a year ago.

Revenue for the six months to December 31 has jumped 43 per cent to $823.5 million with the miner benefiting from higher volumes and a surge in prices.

The company has reaffirmed its guidance for full-year coal production to be between 21-22 million tonnes, but did not not declare an interim dividend.

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