Record shipments boost Alpha’s net

Jul 29, 2008 | 10:30 AM |

Record metallurgical coal shipments helped Alpha Natural Resources Inc., Abingdon, Va., report record earnings in the second quarter.

ALPHA NATURAL RESOURCES INC. (in thousands except per share)  20082007 2nd qtr. ended June 30 Net sales$732,221$435,348 Net income74,3374,747 Per share1.040.07 6 months ended June 30 Net sales$1,249,127$865,939 Net income99,86713,096 Per share1.460.20The company, which is a takeover target of Cleveland-Cliffs Inc., Cleveland, Ohio, said net income soared to $74.3 million from just $4.7 million in the second quarter of last year on sales that climbed 68.2 percent....

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