New World Resources, a FTSE 250 producer of coal for the steel and energy sectors, has seen profits before tax fall 3% in the nine months to the end of September, compared to the equivalent period of 2010.
Revenues over the nine months were up 10% compared to 2010 and earnings before interest, taxes, depreciation and amortisations (EBITDA) were 22% higher. However, it is clear the third quarter has been difficult with revenues down 12% on the preceding quarter with profit before tax down 59%.
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