Whitehaven Coal narrows FY loss

By Mitchell Neems

Whitehaven delivered a significant turnaround in cash flow from operations with $108. 6m generated by current operations in fiscal 2014, compared to the cash outflow of $32. 3m in fiscal 2013.

Whitehaven Coal will continue its focus on cost reductions in the year ahead and is confident its Maules Creek project will deliver strong sales growth, after narrowing its full-year loss significantly.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Last month, the miner announced it had increased coal production in fiscal 2014 to a record level but warned of oversupply over the next six months.

Read more here: Business Spectator


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