CAPITAL MARKETS

Austral posts $13 million profit

AUSTRAL Coal will be on the lookout for new overseas markets in 2003 to offset what will be a big year of spending for the Australian coal producer after it posted a full-year after-tax profit of $13.44 million.

Brad Ricks

The earnings - a significant jump from $4.2 million in 2001- will be put back into the business, with significant capital investments being made in new plant and equipment. Austral recorded total revenue...

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