UK Coal digs itself out of a hole

UK Coal returned to profit for the first time in four years and more than halved its debt in 2011.

UK Coal returned to profit for the first time in four years and more than halved its debt in 2011.

The group, which is planning to close Britain's biggest coal mine, Daw Mill in North Warwickshire, saw group revenue surge to £488.2m in 2011 from £351.2m in 2010, ahead of market expectations of £481.3m, as it enjoyed higher coal prices and higher production.

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