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New Hope Corporation Announces Half Year 2022 Financial Results

22 Mar 2022  |  08:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New Hope - Half Year 2022 Financial Results

New Hope Corporation delivered exceptional financial performance for the six months to 31 January 2022, underpinned by the combination of disciplined cost controls embedded across the Group, strong operating performance which responded effectively to the challenges of COVID-19. Average sales price achieved at 31 January 2022 was A$192.38/t, which represents an increase of 147% over the pcp (31 January 2021: A$77.98/t) closing realised price for the reporting period was A$236.66. The Company is in a strong capital position with Cash and Cash Equivalents of $513.1m and availability of $420m under the Undrawn Syndicated Facility.

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