Coal miner Walter Energy posts smaller loss for third quarter

Wednesday, 30 Oct 2013 | 6:23 AM ET

Oct 30 (Reuters) - Coal miner Walter Energy Inc reported a much smaller quarterly net loss compared with the year-ago quarter, when the company took a $1.1 billion impairment charge related to its acquisition of Western Coal.

Walter Energy reported a net loss of $100.7 million, or $1.61 per share, for the third quarter ended Sept. 30. ()

The company had a net loss of $1.1 billion, or $16.97 per share, a year earlier.

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