Penn ticks 2004 profit

MASTER limited partnership Penn Virginia Resources (PVR) reported 2004 net income of US$34.3 million attributable to increased coal royalty revenue.
Penn ticks 2004 profit Penn ticks 2004 profit Penn ticks 2004 profit Penn ticks 2004 profit Penn ticks 2004 profit

Courtesy Penn Virginia Resource Partners.

Angie Tomlinson

The company said increased royalty revenue stemmed from increased tonnage mines at PVR’s properties and strong market conditions.

Fourth quarter net income was $8.6 million.

PVR said it made strong strategic leaps during 2004 by adding fee-based assets to its portfolio, including a coal handling joint venture with Massey Energy.

PVR owns properties in New Mexico, Virginia and West Virginia.

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