AU market earnings: Coronado's revenue takes a hit
Explore how declining coal prices in 2024 have impacted Coronado, leading to a 10% reduction in revenue despite strong project management and financial strategies.
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This video was created on 6 August for IG audiences by ausbiz.
Coronado drops 10% amidst coal price slump
Coronado Global Resources reported a 10% decrease in its half-year revenue for 2024, totaling AU$1.34 billion due to lower metallurgical coal prices. Despite the tough economic environment characterised by high inflation and rising taxes, the company's projects in the US and Australia remain on budget and schedule, focusing on organic growth and maintaining robust financial health.
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