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Further Trading Update

8 Oct 2015 07:00

RNS Number : 6007B
Atlantic Coal PLC
08 October 2015
 

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Further trading update for the nine months ended 30 September 2015

 

Further to the trading update announced by the Company on 1 October 2015, the Board of Atlantic Coal, the AIM listed anthracite coal mining company operating in Pennsylvania, USA is pleased to announce that its unaudited turnover for the nine months ended 30 September 2015 has increased by circa 26% to approximately $17.8 million. Unaudited turnover for the nine months ended 30 September 2014 was approximately $14.1 million.

At the current time Atlantic Coal is experiencing a number of positive factors, such as:

i. continuing high levels of production and sales for both clean coal and run of mine coal;

ii. healthy level of inventory going into the high demand winter period;

iii. increasing sales prices as from 12 October by $10/ton on clean coal; and

iv. increasing efficiencies in production and transport.

The trading performance to the end of September 2015 and the above factors gives the Board of Atlantic Coal confidence that the Company's turnover for the second half of the current year will at least match the first half's turnover.

Commenting, Atlantic Coal's Managing Director Steve Best said:

"I am pleased to report an excellent increase in turnover for the nine months to 30 September 2015, reflecting our impressive year-on-year increase in production and sales, as reported on 1st October 2015. Compared with the same period in 2014 we have increased turnover by over $3.7 million, an increase of circa 26%. This amount is only just short of the total turnover for 2014 of US$18.4 million and we therefore look forward to exceeding our 2014 revenues in 2015. Going forward, we intend to include estimates of the Company's unaudited turnover within our quarterly updates".

Atlantic Coal owns and operates the Stockton anthracite mine ("Stockton"), located near Hazleton, Pennsylvania.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

Steve Best

Atlantic Coal plc

Tel: 0191 386 6392

Nick Naylor 

Allenby Capital Limited

Tel: 020 3328 5656

John Depasquale

Allenby Capital Limited

Tel: 020 3328 5656

Alex Brearley

Allenby Capital Limited

Tel: 020 3328 5656

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAXEXESFSFFF
Date   Source Headline
23rd Oct 20085:20 pmRNSHolding(s) in Company
21st Oct 20087:00 amRNSHolding(s) in Company
2nd Oct 200811:44 amRNSHolding(s) in Company
2nd Oct 200810:30 amRNSTotal Voting Rights and Share Capital
26th Sep 200811:45 amRNSHolding(s) in Company
24th Sep 200812:01 pmRNSInterim Results
23rd Sep 200811:48 amRNSHolding(s) in Company
22nd Sep 20083:10 pmRNSHolding(s) in Company
15th Sep 20083:02 pmRNSIssue of Equity
15th Sep 20087:00 amRNSRaises ?2.1million and Board Restructure
29th Aug 20085:51 pmRNSHolding(s) in Company
27th Aug 20087:00 amRNSHolding(s) in Company
21st Aug 200812:15 pmRNSAppointment of Broker
14th Aug 200810:45 amRNSAGM Statement
31st Jul 20084:31 pmRNSDirector's Disclosure Update
17th Jul 200810:30 amRNSNotice of AGM
17th Jul 200810:30 amRNSSuspension Lifted
17th Jul 200810:30 amRNSRestoration - Atlantic Coal p
17th Jul 200810:30 amRNSFinal Results
27th Jun 20083:15 pmRNSTemporary Suspension
27th Jun 20083:15 pmRNSSuspension - Atlantic Coal pl
13th Dec 20075:05 pmRNSShare Purchase
13th Dec 20074:48 pmRNSWilliam Ransom & Son plc
30th Nov 20074:15 pmRNSSubsidiary Results
21st Nov 20071:09 pmRNSHolding(s) in Company
19th Nov 200711:03 amRNSRestoration of Listing
13th Nov 20072:52 pmRNSEGM Statement
2nd Nov 20075:27 pmRNSSchedule 1 -Summit Resources
30th Oct 20072:37 pmRNSHolding(s) in Company
29th Oct 200711:33 amRNSHolding(s) in Company
17th Oct 20074:23 pmRNSAcquisition of SCG
28th Sep 20077:01 amRNSInterim Results
16th Aug 20072:40 pmRNSChange of Adviser
16th Aug 200711:05 amRNSCompany Website
9th Jul 20073:28 pmRNSChange of Registered Address
27th Jun 20077:00 amRNSFinance facilities extended
11th Jun 20075:01 pmRNSMailing of Annual Report
11th Jun 20079:10 amRNSNotice of AGM
11th Jun 20079:00 amRNSFinal Results
31st May 20072:56 pmRNSBridging finance extension
17th Jan 200712:27 pmRNSExtension of Bridging Finance
14th Dec 20063:41 pmRNSTotal Voting Rights
10th Oct 200612:01 pmRNSSecond Bridge Financing
25th Sep 20065:01 pmRNSInterim Results
12th Sep 200610:23 amRNSBridge Finance Facility
8th Jun 20068:00 amRNSPlacing and Admission to AIM
14th Nov 20057:00 amPRNDividend Declaration
21st Oct 200511:19 amPRN3rd Quarter Results
22nd Sep 20056:00 amPRNDividend Declaration
19th Jul 20056:00 amPRNNotice of Results

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