Menu
Menu
Macarthur raises 1H10 profit guidance

Macarthur raises 1H10 profit guidance

Mining company Macarthur Coal (ASX:MCC) has raised its 1H10 profit guidance to between $37 million and $42 million, on the basis of improved sales in the December quarter.

The company had previously forecast profit in the range of $30 million to $38 million.

Macarthur realised sales volumes of 2.8Mt in Q4 – the second highest in the company’s history, and above guidance. Strong production and more favourable weather conditions contributed to the result, the company said.

Despite the announcement, MCC shares have today fallen 1.9% to $11.32, and have been trending downward every day since Tuesday.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags GuidancecoalMacarthur Coalmining

More about MCC

Show Comments
Computerworld
ARN
Techworld
CMO