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Solid Energy Results for Year Ended 30 June 2013

Friday, 4 October 2013, 2:50 pm
Press Release: Solid Energy NZ

Summary Overview

-Coal sales of 4.1 million tonnes (Mt), down 11% (2012: 4.6 Mt), in weak commodity markets.

-Revenue of $631.1 million down 35% as average USD prices received fell 34% for the year.

-Net loss after tax of $335.4 million, compared with a loss of $40.2 million in the previous year.

-Underlying earnings of $22.2 million, down 78% (2012: $99.7 million).

-Asset impairments of $215.3 million and one-off costs, including redundancy, restructuring and closure, of $102.2 million contributed to underlying earnings adjustments of $357.6 million.

-No dividend declared.
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20131004_Full_Year_Result_F.docx

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