Macarthur Coal Says Full-Year Profit May Rise 64% on Prices
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Macarthur Coal Ltd., the biggest exporter of pulverized coal used by steelmakers, said full-year profit may rise as much as 64 percent because of record coal prices and a one-time gain on an asset sale.
Net profit after tax is likely to be in the range of A$185 million ($201 million) to A$205 million in the 12 months ending June 30, compared with A$125 million a year earlier, the Brisbane-based company said today in a statement.