Coalcorp reports 2006 losses, Colombian production up for quarter

摘要

Coalcorp, a Canadian company that mines in Colombia, sustained a net loss of 18.3 million US dollars (5 cents/share) over the last three months of 2006, compared to a loss of 1.2 million dollars (also 5 cents/share) during the first quarter a year earlier. Last year, the company changed its year end from May 31 to June 30, meaning that the first quarter of the current fiscal year is four months as compared to the three months in the previous year. For the seven months that ended December 31, the company reported a net loss of 26.7 million dollars (7 cents/share) compared to a loss of 1.6 million dollars (6 cents/share) in the same period last year.