Latest news

Latest news

Universal forecasts higher outputs

Perth  –South Africa-focused coal miner Universal Coalhas forecast a 29% increase in 2019 earnings before interest, taxes, depreciation and amortisation (Ebitda), on the back of a 28% increase in sales tonnage and based on the current international coal pricing and foreign exchange forecasts. Ebitda for the 2019 financial year is expected to reach A$93-million, while sales…

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…