Patriot net loss jumps to $730.6M in ’12
Feb 26, 2013 | 01:18 PM
| 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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