Macarthur Coal Says Full-Year Profit May Rise 64% on Prices

Bloomberg reported that higher coal prices and a large asset sale are expected to boost profits for Macarthur Coal (ASX:MCC).

The market news is quoted as saying:

Net profit after tax is likely to be in the range of A$185 million ($201 million) to A$205 million in the 12 months ending June 30, compared with A$125 million a year earlier.

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