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Dec 31, 2021
Coronado Q4 2021 Earnings Report
Coronado Global Resources Inc. reported an increase in revenue and a return to profitability for the year ended December 31, 2021.
Key Takeaways
Coronado Global Resources Inc. reported a strong financial year ending December 31, 2021, with a significant increase in revenue and a return to profitability. The company reported revenue of $2,148,471,000 and net income of $189,425,000, a substantial turnaround from the previous year's net loss.
Revenue from ordinary activities increased by 47% compared to the previous year.
Net income attributable to members was $189,425,000, a significant improvement from the net loss of $226,468,000 in the previous year.
The company acquired the remaining 50% equity interest in JEP Mining LLC, making it a wholly-owned subsidiary.
Plans were announced to declare and pay unfranked dividends of up to $151 million in the first quarter of 2022, subject to Board approval.