Value Investor: Light ahead for New Hope?

Despite oversupply in the market and pressure on profit margins for producers, thermal coal remains a low-cost source of energy and will continue to attract demand from emerging markets.

While conditions remain challenging for thermal coal producers, New Hope Corp Ltd (ASX: NHC) is well positioned to ride out the downturn due to its productive efficiency, strong management team, a diversified and quality asset portfolio and strong balance sheet.

For the first half of fiscal 2014, NHC reported a 67 per cent fall in net profit after tax to $22.7 million, in line with company guidance provided in February.


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