You need to specify the coordsys to be used before extracting the coordinates.
If your table is stored with a UTM based coordinate system, use this statement:
Set CoordSys Table NAME_OF_TABLE
Also I would recommend you to have a look at the tool Coordinate Extractor that comes with MapInfo Pro.
The source code for the tool comes with MapBasic
Peter Horsbøll Møller
Pitney Bowes
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