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Armstrong stuck in the red

US COAL producer Armstrong Energy’s net loss for year ended December 31, 2016, totaled US$58.8 million, as compared to a loss of $162.1 million for 2015.

Lou Caruana
Armstrong stuck in the red

The variance is driven by a decline in gross profit in the current year, the impairment charge recognised in 2016, the recognition of the charge related to the settlement with Thoroughbred in 2016, and...

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