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    coal investing

    Forbes & Manhattan Announce Fiscal 2012 Financial Results

    Investing News Network
    May. 30, 2012 02:57PM PST
    Industrial Metals

    Forbes & Manhattan Coal Corp. (TSX:FMC) announced its 2012 financial results including an increase in revenue from the Slater coal operations.

    Forbes & Manhattan Coal Corp. (TSX:FMC) announced its 2012 financial results including an increase in revenue from the Slater coal operations.

    As quoted in the press release:

    Revenue for the Slater Coal Stand Alone operations was $104.5 million compared to $46.7 million for the year ended February 28, 2011. Consolidated revenue was $104.5 million compared to $27.7 million for the year ended February 28, 2011.

    Forbes’ President and CEO, Stephan Theron said:

    Our remarkable results over the past fiscal year is due to our focus on growing our operations. The $20 million capital expenditure investment has increased our revenue 124% year-over-year.

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

    coal investingfinancial resultstsx:fmc
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