Whitehaven swings to FY loss

Miner does not expect improvement in coal prices in the short term, says weaker Australian dollar will boost revenues.

Whitehaven Coal (WHC) does not expect a short-term improvement in coal prices but says the weaker Australian dollar will help increase revenues in fiscal 2014.

The group swung to a net loss attributable to members of $82.2 million in fiscal 2013, from a profit of $62.5 million in the prior year.

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