Walter Energy sees huge income jump in Q2 of 2010 compared to Q2 of 2009

摘要

Walter Energy took advantage of the go-go metallurgical coal market to earn 2.16 dollars per share on income of 116.1 million dollars during the second quarter. During the second quarter of 2009 the company had income of 11.3 million dollars and earned 21 cents per share. "Our coking coal operation posted record operating income in the second quarter," said Joe Leonard, Walter's interim CEO. "Robust demand, improved pricing and additional coking coal production from our Mine No. 7 expansion drove our results for the quarter. We expect these positive trends to continue, leading to further improvement in revenue and operating income in the third quarter."