Gloucester mulls acquisitions after record profit

JUNIOR producer Gloucester Coal has emerged from the 2006 financial year on a high, announcing record profit levels and revenues from the sale of thermal and coking coal from its operations in the Gloucester Basin in New South Wales.

Gloucester mulls acquisitions after record profit Gloucester mulls acquisitions after record profit Gloucester mulls acquisitions after record profit Gloucester mulls acquisitions after record profit Gloucester mulls acquisitions after record profit

Gloucester produced 1.9 million tonnes of coal during the year and reported a 77% increase in net profit after tax of $A40.3 million, compared to $22.8m in 2005.

Earnings per share reached 50.