ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, July 24, 1990                   TAG: 9007240369
SECTION: BUSINESS                    PAGE: A-3   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

WESTMORELAND POSTS GAIN OF 200

A big boost from the second quarter gave Westmoreland Coal Co. a 200 percent increase in net income during the first half of 1990.

The company on Monday reported a first-half profit of $7.9 million, or 96 cents a share, with $5.3 million earned in the second quarter, compared with net income of $2.6 million in the first half of 1989 and a loss of $805,000 in the second quarter of last year, when operations were disrupted by work stoppages by the United Mine Workers.

Westmoreland president and chief executive officer Pemberton Hutchinson attributed the improved results to lower production costs, better prices, and lower selling and administrative costs.

Westmoreland is one of Virginia's largest coal producers. Its Virginia operations are based in Big Stone Gap in Wise County. - Staff report 


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