UPDATE 1-Western Canadian Coal posts Q4 profit
* Q4 EPS C$0.23 vs yr-ago loss C$0.33/shr
* Revenue up 48 pct to C$111.7 mln
* Expects to sell about 2.2 mln tonnes of coal in 2010
June 25 (Reuters) - Metallurgical coal producer Western Canadian Coal Corp (WTN.TO) (WTN.L) posted a fourth-quarter profit as strong coal prices boosted revenue.
For the fourth quarter ending March 31, Western Canadian earned C$47.6 million ($41.14 million), or 23 Canadian cents per share, compared with a net loss of C$37.8 million, or 33 Canadian cents per share, a year ago.
Two analysts were expecting earnings of 13 Canadian cents a share, according to Reuters Estimates.
Revenue rose 48 percent to C$111.7 million.
Quarterly coal production dropped 28 percent to 501,000 tonnes. Cash costs, however, climbed to C$136 per tonne as compared to C$95 per tonne in the year-ago quarter, due to higher stripping ratios.
Average realized price of C$316 per tonne was 263 percent higher than the same quarter of 2008, the company said. Continued...



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