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Caledon net loss of A$11.8m

By BFN News | 02:22 PM | Monday 28 February, 2011

Caledon Resources returned to a gross profit in the second half of the year due to increased production at its Cook mine and rising coal prices. But this was not sufficient to offset the loss in the first half. Caledon posts a net loss after-tax of A$11.8m - up from A$11.4m last time. Revenues for the year to the end of December rose 37.2% to A$93.0m. Story provided by