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Company News Summary

New Hope Corporation Provides Quarterly Activities Report

24 May 2021  |  15:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

New Hope Corporation provided quarterly activities report for the quarter ended 30 April 2021. The company reported that during the quarter the saleable coal production was down 2.8% against the prior quarter with 2.319 million tonnes of coal produced (company share 1.856 million tonnes). Coal sold was up 5% against the prior quarter at 2.589 million tonnes (2.071 million tonnes company share). During the quarter, the Bridgeport's oil production totalled 74,828 barrels with 64,336 barrels of oil sold. During the quarter the company had reported EBITDA of $101m resulted from consistent production combined with realised prices. The company also declared Interim divided of 4 cents per share declared during the quarter and paid on 5 May 2021.

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