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SINGAPORE: Mainboard-listed coal mining firm, Straits Asia Resources, said its third quarter net earnings surged 64.8 per cent from a year ago to US$38.6 million.
Revenue for the three months ended September rose 18.5 per cent to US$200 million on higher realised prices and higher coal export volumes.
Straits Asia said the main industry factors that will influence its prospects over the next 12 months include global economic and financial conditions, thermal coal prices as well as processing of mining and production permits.
The company also said that based on current market conditions and engagement with its customer base, it expects its priced coal contracts to continue to be delivered on schedule.
- CNA/sc
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