NHC 1.90% $4.64 new hope corporation limited

News: No good news from New Hope

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    New Hope Corporation Ltd (ASX:NHC) has reported a sharp drop in first half net profit, thanks to the weaker than expected thermal coal market.



    The miner suffered a 31.9 per cent drop in profit of  $68.795 million.



    Looking ahead New Hope says the high Australian dollar will almost certainly pressure its full year result.



    Investors will receive a fully franked interim dividend of six cents. 
 
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