Yancoal swings to H1 loss

Posts $750m loss on falling dollar and mining impairments, outlook weak amid falling coal prices.

Yancoal Australia (YAL) has warned producers are not making necessary cuts in production costs to rebalance an oversupply in the coal market, after swinging to a full-year loss.

In the half-year to June 30, Yancoal swung to a net loss after tax of $749.44 million, a 282.8% fall, against a profit of $410.02 million in the previous corresponding period.

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