Canadian Business / The Canadian Press: SouthGobi posts Q4 loss of US$18.9M; revenue up almost $10M at $51.1M

Coal miner SouthGobi Resources Ltd. narrowed its fourth-quarter loss as revenue in the period rose about 23 per cent. Hong Kong-headquartered SouthGobi said its net loss for the quarter amounted to US$18.9 million or 14 cents per diluted share for the three months ended Dec. 31. That compared with a net loss of $28.7 million or 16 cents per diluted share in the same 2010 quarter. Revenue rose to US$51.1 million from US$41.6 million. To read the full article, click hereSouthGobi posts Q4 loss of US$18.9M; revenue up almost $10M at $51.1M

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