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Arch Coal 2nd-quarter earnings rise

Fri Jul 25, 2008 5:38pm IST
 
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NEW YORK, July 25 (Reuters) - Arch Coal Inc (ACI.N: Quote, Profile, Research) said on Friday its second-quarter profit about tripled, as strong global demand pushed coal prices higher.

Net income in the quarter was $113 million, or 78 cents a share, compared with a year-ago profit of $37.6 million, or 26 cents a share. (Reporting by Euan Rocha, editing by Gerald E. McCormick)

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