NWR Reports Operating Loss in ‘Extremely Difficult’ Coal Market
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New World Resources Plc, the largest Czech producer of coking coal, reported an operating loss in the first quarter as sluggish demand weighed on prices.
The loss widened to 13 million euros ($14.6 million) from 8 million euros a year earlier, the company said Wednesday in an e-mailed statement. It also posted a loss before interest, taxes, depreciation and amortization of 2 million euros.