ICG swings into profitability in qtr. on higher sales, tags
Jul 25, 2008 | 09:36 AM
| Maria Guzzo
Improved sales and prices helped International Coal Group Inc. (ICG) escape red ink in the second quarter.
INTERNATIONAL COAL GROUP INC. (in thousands except per share) 200820072nd qtr. ended June 30 Net sales$277,885$208,050 Net income (loss)12,628(10,234)Per share0.07—6 months ended June 30 Net sales$529,810$436,364Net income (loss)1,082(18,302)Per share0.01—The Scott Depot, W.Va.-based company posted net income of more than $12.6 million in contrast to a net loss of $10.2 million in the second....
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