BRIEF: National Coal posts $6.34M 2Q loss

Mon. August 10, 2009; Posted: 07:38 PM

KNOXVILLE, Aug 10, 2009 (The Knoxville News-Sentinel - McClatchy-Tribune Information Services via COMTEX) -- NCOC | Quote | Chart | News | PowerRating -- National Coal Corp. today reported a second quarter loss of $6.34 million, or 19 cents per share, despite an 11.7 percent increase in revenues.

The loss was still an improvement over 2008, when Knoxville-based National Coal had a $9.07 million net loss, or 30 cents per share during the same quarter.

"These results include those of NCA, (National Coal of Alabama) a subsidiary that suffered significant decline in sales and an increase in costs in the second quarter, which resulted in foreclosure in the third quarter," Daniel A. Roling, president and CEO of National Coal, said in a prepared statement.

"However, as I have previously mentioned, National Coal Corp. and our other subsidiaries, which operate in Tennessee, will continue to operate independent of what has occurred in Alabama."

More details in Tuesday's News Sentinel.

To see more of The Knoxville News-Sentinel or to subscribe to the newspaper, go
to http://www.knoxnews.com. Copyright (c) 2009, The Knoxville News-Sentinel,
Tenn. Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.

For full details on National Coal Corp (NCOC) click here. National Coal Corp (NCOC) has Short Term PowerRatings of 4. Details on National Coal Corp (NCOC) Short Term PowerRatings is available at This Link.

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