Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, February 1, 1992 TAG: 9202010157
SECTION: BUSINESS PAGE: A-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
EARNINGS . . .
Coastal Corp., Houston parent of ANR Coal Co. and Coastal Coal Sales Co. of
Roanoke, on Friday reported net earnings for 1991 of $96.3 million, down 57.3
percent from $225.6 million in 1990. Operating profits of $601 million last
year were off 22.6 percent from $776.5 million a year earlier. Earnings per
common share were 92 cents compared to $2.15 per share in 1990. For the fourth
quarter, net earnings were $12.4 million, or 12 cents per share, down 87
percent from $94.9 million, or 90 cents per share. Operating profit for the
quarter was $128.7 million, down 48 percent from $247.4 million.
by Bhavesh Jinadra
by CNB