Earnings release
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New Hope Corporation Limited ABN : 38 010 653 844 QUEENSLAND FIRE ASX RELEASE 2021 Half Year Results Company Set Up for Strong Second Half 23 March 2021 KEY HIGHLIGHTS Total Recordable Injury Frequency Rate ( TRIFR ) continuing to trend downwards over the first half ; • EBITDA¹ of $ 81.2 million ; • Fully franked interim dividend of 4 cents per share ; Higher coal prices ( up 48 % monthly average since October 2020 ) partially offset by a drop in production ; • Cash availability of $ 215 million ; and • 4.9 million tonnes of coal sold , down 23 % compared to 31 January 2020 . New Hope Group ( the Company ) has delivered a result in line with expectations in the six months to January 2021 with EBITDA of $ 81.2 million and net profit before tax and non regular items of $ 0.9 million . The first six months of the 2021 financial year saw positive results from targeted cost reduction and an increased focus on efficiency across corporate and operations . Chief Executive Officer , Reinhold Schmidt said while it has been a tough period for the resources sector as a whole , the Company has set the foundation for a strong second half of the year . " The Newcastle 6000 index has recovered from the lows in 2020 of US $ 50 to the current level in excess of US $ 90 , ” Mr Schmidt said . " Bengalla continues to perform strongly for the business and , although production was down slightly in the first half due to the major dragline shut , it was above expectations . The investment in the dragline has delivered continued improvement in productivity to ensure a strong performance into the future . 1 Net profit before income tax and non regular items is not defined by IFRS and is a non statutory measure . This announcement should be read in conjunction with the Financial Results H1 FY2021 presentation and the 31 January 2021 Interim Financial Report REGISTERED OFFICE P : GPO Box 2440 , Brisbane , QLD Australia 4001 A : Level 16 , 175 Eagle Street , Brisbane , QLD Australia 4000 T : +61 7 3418 0500 E : cosec@newhopegroup.com.au W : newhopegroup.com.au