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By Melanie Burton and Jaskiran Singh
MELBOURNE (Reuters) - Australia's Whitehaven Coal Ltd posted a more than five-fold jump in first-half profit on Thursday, aided by soaring coal prices, but paid a lower than expected dividend, sending its shares down.
The company posted a net profit after tax attributable of A$1.78 billion ($1.23 billion) for the six months ended Dec. 31, compared with A$340.5 million a year earlier.
Cashed up coal miners found eager interest from investors when prices sur...
>>> Read more: Whitehaven Coal posts 5-fold jump in H1 earnings but dividend disappoints
MELBOURNE (Reuters) - Australia's Whitehaven Coal Ltd posted a more than five-fold jump in first-half profit on Thursday, aided by soaring coal prices, but paid a lower than expected dividend, sending its shares down.
The company posted a net profit after tax attributable of A$1.78 billion ($1.23 billion) for the six months ended Dec. 31, compared with A$340.5 million a year earlier.
Cashed up coal miners found eager interest from investors when prices sur...
>>> Read more: Whitehaven Coal posts 5-fold jump in H1 earnings but dividend disappoints
