Forbes Coal Revenue Increases 80% to $35.2 Million in Second Quarter 2012 as a Result of Record Export Sales

Forbes & Manhattan Coal Corp. (TSX:FMC,JSE:FMC) announced its financial results for Q2 2012.

As quoted in the press release:

Total export sales in the second quarter of 2012 were 192,400 tonnes, a 109% increase compared to first quarter 2012 export sales of 91,800 tonnes. Fiscal year-to-date export sales are 284,200 tonnes. Slater stand alone EBITDA for the quarter increased by 109% from $4.4 million to $9.2 million year over year.

Forbes’ President and CEO, Stephan Theron said:

“This quarter also marked the first time that total export sales were greater than total domestic sales and we expect this trend to continue.”

Click  here to read the Forbes & Manhattan Coal Corp. (TSX:FMC) press release.