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Coal Investing News reports coal has been strong despite the weak global economic conditions. The Australian producer reported a 2007-08 net profit of $23.44 million in August, which was a 30 per cent increase over the year before. Chairman Andy Hogendijk at the company’s annual general meeting says: “Looking forward, and notwithstanding some shorter-term issues …
Coal Investing News reports coal has been strong despite the weak global economic conditions.
The Australian producer reported a 2007-08 net profit of $23.44 million in August, which was a 30 per cent increase over the year before.
Chairman Andy Hogendijk at the company’s annual general meeting says:
“Looking forward, and notwithstanding some shorter-term issues associated with the current global financial situation, we believe the fundamentals for our coal business remain very sound.”
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