Phoenix expects to sell 2.7-2.9 mm in '09; production increase to wait

摘要

Due primarily to contractual price increases from existing sales contracts and new sales contracts with better pricing terms, Phoenix Coal, a producer and consolidator of thermal coal reserves in the Illinois Basin, reported its fiscal 2008 revenue increased 14.2 percent to 76.7 million dollars, compared with 67.2 million dollars for fiscal 2007. The company's revenue per ton grew 5.2 percent year over year, from 31.67 dollars to 33.31 dollars, and sales volume increased by 8.6 percent. Cost of sales increased by 15.6 percent to 71.9 million dollars in 2008 from 62.2 million dollars in 2007. Comparing the same periods on a cost per ton sold basis, cost of sales was 31.21 dollars versus 29.31 dollars, respectively, for an increase of 6.5 percent.