Patriot net loss jumps to $730.6M in ’12
Feb 26, 2013 | 01:18 PM
| Stacy Irish
Tags
Patriot Coal,
earnings results,
metallurgical coal,
Stacy Irish
NEW YORK — Patriot Coal Corp. saw its net loss surge more than fivefold in 2012 due to declining revenue and costs associated with its bankruptcy reorganization.
The St. Louis-based metallurgical coal producer posted a net loss of $730.6 million for the year ended Dec. 31, compared with a prior-year net loss of $139.1 million, on revenue that fell nearly 21 percent to $1.88 billion from $2.38 billion.....
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