Posted in | News | Coal | Earnings

Centennial Coal Reports Drop in Profits

Centennial Coal (ASX:CEY) has announced a 28% fall in the net profits for the year 2009-2010. The annual net profit was reported at $51.5 million a step down from the $71.2 million posted by the company in the financial year 2008-09.

However the company said that it expected exports to rise and hoped to do better in this current fiscal year. The underlying operating net profit after tax was $53.3 million for fiscal year 2010 which was lower than the year before when the net profit after tax was $82 million.

The export tonnes were up 6% which was a combination of 23% reduction in the export price and an 8% appreciation in the Australian dollar. The company has declared a final dividend of 4 cents a share franked to 40%.

Banpu have offered $6.20 a share for all Centennial shares not owned or controlled by the Thai company. The company's directors are giving an unanimous recommendation to Centennial's Shareholders to accept the offer being made by Banpu Public Company Ltd.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Centennial Coal Company Limited. (2019, March 19). Centennial Coal Reports Drop in Profits. AZoMining. Retrieved on April 20, 2024 from

  • MLA

    Centennial Coal Company Limited. "Centennial Coal Reports Drop in Profits". AZoMining. 20 April 2024. <>.

  • Chicago

    Centennial Coal Company Limited. "Centennial Coal Reports Drop in Profits". AZoMining. (accessed April 20, 2024).

  • Harvard

    Centennial Coal Company Limited. 2019. Centennial Coal Reports Drop in Profits. AZoMining, viewed 20 April 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.