Semirara sees strong profit growth
August 13th, 2008
Filed under: Mineral - Coal, Operator - Semirara Mining Corp.
From: in.reuters.com
By Karen Lema
MANILA, Aug 12 (Reuters) - Semirara Mining Corp, the Philippines’ largest coal producer, expects its net profit to rise more than 20 percent this year and coal revenues to jump as much as 56 percent mainly due to higher coal prices and increased exports, the company’s chief executive said on Tuesday.
Semirara hopes to sustain its double-digit profit and coal revenue growth next year with no let up in demand especially from the fast-growing economies of China and India.
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