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Xinergy Ltd. Announces Third Quarter 2011 Operating Results
Oct. 20, 2011 04:39PM PST
Industrial MetalsXinergy Ltd. (TSX:XRG) announced its Q3 2011 operating results.
Xinergy Ltd. (TSX:XRG) announced its Q3 2011 operating results.
As quoted in the press release:
Coal sales increased 29% to $48.7 million on 532,000 tons sold during the 2011 third quarter compared to $37.7 millionon 434,000 tons sold during the 2010 third quarter.
Xinergy’s Chairman and CEO, Jon E. Nix said:
“We are pleased to report continued operating momentum in our third quarter 2011 results, during which we generated Adjusted EBITDA of $12.2 million, equating to a 25% Adjusted EBITDA margin on coal sales of $48.7 million.”
Click here to read the Xinergy Ltd. (TSX:XRG) press release.
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