Universal Coal Plc announced earnings results for the quarter ended December 2017. Exploration expenditure incurred by the company during the quarter was AUD 313,000 against AUD 214,000 a year ago. The company reported record quarterly EBITDA of AUD 18.4 million (AUD 11.6 million attributable). Sales tonnes was 1.1Mt (0.8Mt attributable) in line with market guidance.

The company has projected the updated fiscal year 2018 Group EBITDA to be AUD 55 million with a total of 4.6Mt (Group) of domestic and export tonnes delivered for the same period.