(ChinaCoalResource, Sept 28, 2006) Pula Coal, Inc., a leading supplier of China's highest grade metallurgical coking coal -- which is used to make coke for steel manufacturing, announced Wednesday Q3, Q4 and full year '06 revenue guidance.

 

Puda Coal anticipates third quarter revenue of approximately $38 million, as compared to revenue of $18 million in Q3 '05 -- a 111% increase.

 

The Company anticipates fourth quarter revenue of approximately $40 million, as compared to revenue of $21 million in Q4 '05 -- a 90% increase.

 

Puda Coal achieved $52 million in revenue during the first half of 2006, equaling the 2005 full year total. Combined with the above third and fourth quarter estimates, the Company anticipates revenue for the full year '06 to be approximately $130 million. As compared to full year revenue of $52 million in 2005, this represents a 153% increase.

 

Puda Coal, through its affiliates and controlled entities, supplies premium grade coking coal to the steel making industry for use in making coke. The Company currently possesses 2.7 million metric tons of annual coking coal cleaning capacity, and management believes it is the largest coking coal cleaning company in terms of capacity in Shanxi Province, China. Shanxi Province provides 20-25% of China's coal output and supplies nearly 50% of China's coke.
source:ChinaCoalResource