Oz earnings fall crimps Peabody result

摘要

A big dip from its Australian operations sent total earnings of Peabody Energy tumbling for 2009, but the company says recovery is strongly underway, based on burgeoning Chinese and Indian demand for both met and thermal coal. A statement showed Peabody's gross earnings (EBITDA) for 2009 dipped to 1.29bn dollars, down 30.1 percent on a record 1.85bn dollars earned for 2008, with total sales easing from 255.0m short tons (st) to 243.6mst.