29.08.2008 - New World Resources reports soaring profits
From Telegraph: Newly-listed New World Resources posted a near five-fold increase in first-half profits yesterday although the Czech coal miner still managed to miss forecasts as increased selling prices were matched by a rise in costs. The Dutch-registered company operates the Czech Republic's largest coal mines and is also developing assets in Poland. Pre-tax profits leapt from €58m to €254m (£204m) over the first half of the year, as production rose to 6.7m tonnes of coal and coke. Revenues jumped 60pc to €1.04bn. Coking coal used for steelmaking generates two thirds of NWR's business, and prices rose by around a half in the second quarter..... Full Article: Source
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