Yancoal Australia Logs Fall in Q2 Output, Slight Rise in Sales

MT Newswires Live07-18

Yancoal Australia (ASX:YAL, HKG:3668) recorded a 4% decline in attributable production volume of saleable coal to 8.2 million tons in the second quarter of 2024 from the year-ago figure of 8.5 million tons, a Thursday bourse filing said.

Attributable sales during the quarter rose by 1% year over year to 8.6 million tons from 8.5 million tons in Q2 2023.

For the half-year ended June 30, attributable output and sales rose by 18% each to 17 million tons and 16.9 million tons, respectively.

Average realized price fell by 20% year over year during Q2 to AU$181 per ton and 35% in H1 to AU$180 per ton.

Hong Kong- and Australia-listed shares of the coal mining company closed 2% and 1% higher, respectively, on Thursday.

Price (HKD): $36.55, Change: $+0.65, Percent Change: +1.81%

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