Whitehaven Coal share price falls again as buyback starts after half-year loss
Whitehaven Coal shares dropped 2.7% to A$7.81 on Friday after posting a first-half underlying net loss of A$19 million and announcing a small buyback. Revenue for the half fell to A$2.5 billion as coal prices softened. Net debt stood at A$710 million, with a US$500 million deferred acquisition payment due in April. The company declared a 4-cent interim dividend, payable March 13.
