Aquila Resources Ltd has reported a full year loss of $64.558 million as a result of lower coal volumes due to flooding and exploration expenses.

The company says revenue from its 50 per cent ownership in the Isaac Plains Coal Mine rose three per cent to $133.453 million, in the 12 months to June 30.

Earnings before interest, taxation, depreciation and ammortisation increased to $36.307 million, up from $16.563 million in 2009/10.

Coal production was significantly affected by interruptions to production, transport and the sale of coal due to extreme weather and flooding, Aquila said.

As a result, sales volumes fell to 1.56 million tonnes (Mt) from 2.48 Mt in 2009/10.

“Notwithstanding the significantly reduced annual sales volumes … the company’s share of revenue from those coal sales shows a modest three per cent increase to $133.5 million as a result of improved pricing conditions for metallurgical and thermal coal,” the company said in its statement on Thursday.

Aquila said the company was compiling an insurance claim to recover the cost of business interruption and damage to equipment from the floods.

Exploration and evaluation expenses were $104.227 million, up from $60.209 million, Aquila added.