CAPITAL MARKETS

Centennial at five-year high on record profit

CENTENNIAL Coal shares touched $2 today - their highest level in five years - after the Sydney-based miner posted a 16-fold increase in net income.

Greg Tubby

Net profit for the last six months of 2001 rose to $15.1 million from $881,000 a year earlier as Centennial's equity share of ROM production grew 76% to 2 million tonnes a year, coal prices climbed 31%,...

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