Massey Energy net income surges on high metallurgical coal demand
Jul 31, 2005 | 09:09 AM
High coal prices and strong demand, in part for metallurgical coal, led to a tripling in Massey Energy Co.'s net income in the second quarter.The Richmond, Va.,-based company said its net income in the three months ended June 30 totaled $37 million, up from $12.6 million in the same period last year, on sales that jumped 24.8 percent to $582.5 million.....
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