Lower coal prices weigh on Stanmore Resources (ASX:SMR) earnings in1HFY24.

Mon 02 Sep 24, 06:47 AM | Team Kalkine

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Highlights

Stanmore Resources Limited (ASX: SMR) is an ASX-listed resources company with operations in the Surat and Bowen basins. It is a metallurgical coal production firm, headquarterd in Queensland.

In the first half of financial year 2024 (1HFY24), ending 30 June 2024, revenue of SMR declined to USD 1,226 million, compared to USD 1,493 million in the previous corresponding period. Its revenue fell due to a reduction in average sales price during the reported period.

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