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Mine's poor performance shafts Centennial profit.
- Article from:
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Australasian Business Intelligence
- Article date:
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August 18, 2005
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Copyright informationCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aug 18, 2005 (The Australian - ABIX via COMTEX) -- The profit of Australian mining company,Centennial Coal, was affected by the poor
performance of one asset. Centennial hasposted a net profit of $A36.5 million for2004-05, a fall of 31 per cent. This was dueto an after-tax charge of $A14.7 million
related to the poor performance and closureof the Munmorah mine. However, rising coalprices lifted sales revenue by 34 per cent to$A670 million. Centennial is confident of
...
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