wsj: buy by dahlman rose >ccc.au, page-4

This is a continuation from my last post

Conticoal released upbeat semi-annual operating and financial results, posting its maiden positive EBITDA and after-tax profit. In the six months to December 2011, the company saw a 112% y-o-y increase in ROM coal output with export coal sales skyrocketing 380% and revenue rising 284% to A$49.9m. Along with the stellar top-line performance, the company showed stringent cost control, which supported positive EBITDA of A$3.0m compared to a A$28.5m loss in the corresponding period in 2010. All in all, these results reflect the company's success in streamlining its thermal coal business and should be further supportive of the stock.