Alpha Natural posts smaller loss as cost cuts pay off

Thu May 1, 2014 7:10am EDT

May 1 (Reuters) - Coal miner Alpha Natural Resources Inc reported a smaller quarterly loss as the company's cost-control efforts helped offset the effect of depressed coal prices and lower demand.

The company's net loss narrowed to $56 million, or 25 cents per share, from $111 million, or 50 cents per share, a year earlier. (Reporting by Swetha Gopinath in Bangalore; Editing by Sriraj Kalluvila)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.