Yancoal declares interim dividend despite 61% profit drop

Yancoal Australia reported half-year revenue of A$2.675 billion, down 15%, while profit after tax plunged 61% to A$163 million due to lower coal prices.

Despite the earnings decline, the company declared an interim dividend of A$0.062 per share, representing 50% of profit consistent with its payout policy. Coal production rose 11% to 18.9 million tonnes, though sales volumes fell 2% due to weather disruptions.

Yancoal maintained a strong cash balance of A$1.795 billion, while operating costs decreased 8% to A$93 per tonne.