by Bhavesh Jinadra by CNB![]()
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.