Closed today with Harami Cross.
* Straits Asia FY08 net profit more than quadruples
* Straits Asia Resources posted on Tuesday a net profit of US$124.4 million for the full year ended Dec 31, 2008, on the back of ‘record coal production’ and ‘record coal sales’.
* This is more than four times that of the US$28.6 million earned a year ago.
* Sales revenue also jumped 133 per cent year-on-year to US$585.2 million.
* The company is recommending a final dividend of 2.18 US cents a share.
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