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Consol profit halves as exploration and production costs rise
2015年1月30日 / 中午12点17分 / 3 年前

Consol profit halves as exploration and production costs rise

Jan 30 (Reuters) - Coal and natural gas producer Consol Energy Inc reported a nearly 50 percent fall in quarterly profit as exploration and production costs shot up.

Net income from continuing operations fell to $73.7 million, or 32 cents per share, in the quarter ended Dec. 31, from $146.6 million, or 64 cents per share, a year earlier.

Revenue rose 13 percent to $935.7 million.

Exploration and production costs rose nearly 24 percent to $294.3 million. (Reporting by Narottam Medhora in Bengaluru; Editing by Don Sebastian)

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