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Published on 9/27/2016 in the Prospect News Distressed Debt Daily.

Arch Coal posts $7.05 million of operating income for August; sales up

By Caroline Salls

Pittsburgh, Sept. 27 – Arch Coal, Inc. reported $7.05 million of income from operations for August on $189.11 million in coal sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Missouri.

Those figures showed improvement over the $5.09 million loss from operations posted for July on $169.55 million in coal sales.

The company had $294.66 million in cash and cash equivalents as of Aug. 31, up from $263.98 million at the end of July.

Based in St. Louis, Arch Coal is a coal producer. It filed for Chapter 11 on Jan. 11, 2016 under the case number 16-40120.


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