Business
Why we’re watching the Whitehaven Coal (ASX:WHC) share price today // The Motley Fool Australia
We’re watching the Whitehaven Coal Ltd (ASX: WHC) share price this morning following the release of the company’s half-year FY21 results. Over the previous 12-month period, the Whitehaven Coal share price sank over 36%.
Let’s take a look at the announcement to assess what it might mean for share prices.
What will today’s results mean for the Whitehaven Coal share price?
Whitehaven Coal reported a half-yearly loss for FY21. This was due to the coronavirus pandemic rattling coal prices.
Consequently, the company posted a net loss after tax of $94.5 million for the six-month period. This is significant, compared to a profit of $27.4 million in the prior corresponding period (pcp). It is worth noting that the loss exceeds the…
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