New Hope Corporation said net profit after tax decreased to $251.7 million for the first half of FY24, impacted by price declines and legal challenges.

CEO Rob Bishop attributed the decline to consistent operations, organic growth, and cost discipline.

Despite lower coal prices, saleable coal production surged 28% to 4.1Mt. Underlying EBITDA for the period stood at $424.8 million, showcasing robust margins.

New Hope declared a 17 cents per share interim fully franked dividend.