Centennial bruised but not broken

PROBLEMS at the Newstan mine during 2006 financial year have left Centennial Coal bruised and battered, but the New South Wales producer has come out fighting in its full year results with a net profit of $A17.1 million as it positions itself to “recover from a year overshadowed by Newstan”.

Centennial bruised but not broken Centennial bruised but not broken Centennial bruised but not broken Centennial bruised but not broken Centennial bruised but not broken

Newstan’s poor performance knocked $47.8 million from Centennial’s full year results and brought down investors’ earnings per share to A6c, compared to A11.7c in 2004/05.

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