(Reuters) – Yancoal Australia on Monday posted a near five-fold jump in annual profit, as the coal miner benefited from a sharp rise in coal prices after Russia’s invasion of Ukraine.
The company’s profit after tax was A$3.59 billion ($2.41 billion) for the year ended Dec.
31, compared with A$791 million a year earlier. It also declared a final dividend of 70 Australian cents per share.
($1 = 1.4881 Australian dollars)
(Reporting by Harish Sridharan in Bengaluru; editing by Uttaresh.V)
