Alpha upbeat on coal as quarterly income up
Nov 03, 2005 | 09:52 AM
Alpha Natural Resources Inc., which posted a 51.4-percent jump in third-quarter net income to $8.2 million, expects strong pricing and shipments for metallurgical coal going into the fourth quarter.ALPHA NATURAL RESOURCES INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$397,689$341,709Net income$8,210$5,421Per share0.130.379 months ended Sept. 30Net sales$1,127,480$924,307Net income$8,801$18,900Per share0.161.28The Abingdon, Va.,-based coal miner said revenue of $397.7 million was 16.4 percent higher than in the same period last year even though sales volumes of metallurgical coal trailed year-earlier levels by 360,000 tons, or 15 percent, primarily due to reduced export sales.....
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