Yancoal declares dividend despite 61% profit plunge

Yancoal Australia reported a 61% decline in profit after tax to A$163m for the first half, despite ROM coal production rising 16% to 32.2Mt. Revenue fell 15% to A$2.675bn.

The company declared an interim dividend of A$0.062 per share, representing a 50% payout ratio, payable September 19.