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Whitehaven profit slumps 95% as Australia’s coal prices collapse – Sydney Morning Herald

Whitehaven, one of the nation’s largest coal miners, has seen its profits nearly wiped out as coal prices collapsed in the pandemic.

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Whitehaven, one of Australia’s largest coal miners, has seen its profits nearly wiped out as coal prices collapse around the world.
Following a record-breaking result a year earlier, Whitehaven on Wednesday said its earnings had crashed 95 per cent from $564.9 million to $30 million in the year to June 30. Shareholders would not receive a final dividend, meaning they earned 1.5¢ a share in the financial year, down from 50¢ in 2019.
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