Royal Energy Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 05:18 pm EDT
Share
Royal Energy Resources, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 65.589 million compared to USD 54.870 million a year ago. Operating income was USD 21,000 compared to operating loss of USD 7.072 million a year ago. Net loss was USD 699,000 compared to USD 3.325 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.21 a year ago. For the half year, total revenue was USD 124.345 million compared to USD 109.723 million a year ago. Operating loss was USD 8.997 million compared to USD 15.129 million a year ago. Net loss was USD 4.231 million compared to USD 6.553 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.41 a year ago.
Royal Energy Resources, Inc. is an energy company, which focuses on coal and energy related assets and activities, including energy infrastructure investments. The Company has a geographically diverse asset base with coal reserves located in Central Appalachia, Northern Appalachia, the Illinois Basin and the Western Bituminous region. The Company's segments consist of Central Appalachia, which includes surface and underground mines located in Eastern Kentucky and Southern West Virginia; Northern Appalachia, which includes surface and underground mines located in Ohio; Rhino Western, which includes an underground mine located in the Western Bituminous region in Utah; Illinois Basin, which includes an underground mine in western Kentucky, and Other, which includes its ancillary businesses, and oil and natural gas investments. The Company produces and markets coal from surface and underground mines in Kentucky, West Virginia, Ohio and Utah.
ROYAL ENERGY RESOURCES, INC. 
