Latest news

Latest news

Universal posts record results

Coal miner Universal Coal has reported a near 800% increase in profits after tax for the full year ended June, while revenue has more than doubled. Net profit after tax for the 12 months under review reached A$35.9-million, up from the A$4-million achieved last year, while revenue increased from A$149.2-million…

Universal Coal outshines its own performance achievements

ASX-listed coal miner Universal Coal expects to exceed its updated EBITDA guidance released to market in January 2018 by a significant amount thanks to strong operational performance from its two operating coal mines. On 17 January 2018, Universal Coal provided forward looking earnings guidance for FY2018 that updated the forecast…

Universal beats FY18 expectations

PERTH (miningweekly.com) – South Africa-focused coal producer Universal Coal on Thursday told shareholders that attributable earnings before interest, taxes, depreciation and amortization (Ebitda) were 28% higher for the 2018 financial year, compared with the previous half-year guidance. Group Ebitda for 2018 is expected to be A$70-million, which is 27% higher…