Fording's profits nearly triple in Q4, long wait for new mining equipment could affect production

摘要

"We've entered into a period of the highest prices ever seen," Jim Popowich, president and CEO of Fording Canadian Coal Trust, told analysts last week. "We know the demand is there and new supply is needed; however, it's expected that it'll take some time to enter the market." Fording Canadian Coal Trust experienced a golden fourth quarter with profits at 85 million Canada dollars nearly tripling. Net income for the quarter ended December 31 amounted to 1.74 Canada dollars/share, compared to 31 million Canada dollars or 65 cents/share in the same period in 2003.