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Coal & Allied strong prior to Rio slash and burn

AMID speculation of a sell-off by parent company Rio Tinto, Coal & Allied has released its 2008 annual results, revealing a record $A804 million profit after tax, a jump of some 731% from $110 million in 2007.

Blair Price
Coal & Allied strong prior to Rio slash and burn

Revenue surged on the back of the strong coal market for most of last year, climbing 94% to $A2.665 billion compared to $1.375 billion for 2007. The impact of the strong coal market is evident by the...

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