Foundation’s 2d-qtr. net loss widens despite rise in sales
Jul 29, 2008 | 10:30 AM
| Maria Guzzo
Bad geological conditions and transportation problems pushed Foundation Coal Holdings Inc. deeper into the red in the second quarter.
FOUNDATION COAL HOLDINGS INC.(in thousands except per share) 200820072nd qtr. ended June 30Net sales$404,800$359,800Net income (loss)(4,400)(3,800)Per share——6 months ended June 30Net sales$811,700$746,000Net income1,70020,800Per share0.040.45The Linthicum Heights, Md.-based company posted a second-quarter net loss of $4.4 million, up 15.8 percent from a $3.8-million loss in the same period a year earlier despite a 12.5-percent increase in sales to $404.8 million.....
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