October 29, 2008
Arch Coal on Track for Record Profits in 2008, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- On October 27, Arch Coal Incorporated (NYSE:ACI) (St. Louis, Missouri) reported its profits for the third quarter of 2008. Because of a large number of acquisitions made in 2007, the company's net income more than tripled year over year, from $27.3 million in 3Q07 to $97.8 million in 3Q08. "All operating regions contributed to this success," said Chairman and CEO Steven Leer, "particularly central Appalachia, whose per-ton operating margin expanded nearly ninefold from the year-ago quarter."
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SOURCE: Industrial Info Resources