VANCOUVER, B.C. - Western Coal Corp. (TSX:WTN) says its quarterly profit fell to $24 million or nine cents per diluted share in the three months ended Dec. 31.
That's down from a profit of $62.5 million or 29 cents per diluted share in the year-earlier period.
Revenue for what is the third quarter of Western Coal's current financial year fell to $118.7 million, down from $176.6 million in the year-earlier quarter.
The Vancouver-based company, which has operations in Canada, the United States and the United Kingdom, says the lower revenue was a result of reduced prices and volumes for its coal.
Western Coal says it was able to partially offset the drop in demand for its coal by reducing its costs.
