Wollongong Coal Limited reported unaudited consolidated earnings results for the year ended March 31, 2018. For the year, the company reported revenue of AUD 27,358,000 compared to AUD 36,168,000 a quarter ago. Loss before income tax expense was AUD 73,802,000 compared to AUD 5,511,000 a year ago. Loss after income tax expense for the year attributable to the owners of the company was AUD 73,802,000 compared to AUD 5,511,000 a year ago. Basic and diluted loss per share was 0.79 cents compared to 0.06 cents a year ago. Net cash used in operating activities was AUD 6,397,000 compared to AUD 3,837,000 a year ago. Payments for mine development were AUD 1,886,000 against AUD 18,216,000 a year ago.


The company reported production results for the year 2017. During the financial year the consolidated entity's total production of ROM coal was 190,143 tonnes from the Wongawilli Colliery as compared to 255,000 tonnes in the previous financial year ended on March 31, 2017. There was no production for almost three months (June 2017-August 2017) due to mining contractor entering into administration.