Net revenue was $103.6million compared with $92.8million for the corresponding quarter of 2009. The company attributed the rise to increases in USA and Canadian revenues of $5.2million, in Asia of $2.3million, in Europe of $1.5million and in both Latin America, and in the Middle East and Africa of $0.9m.
The fall in net income of £6.7m was primarily related to the loss from early extinguishment of debt of $7.7m related to a re-financing on 30 September 2010.
Thomas L’Esperance, chief executive at Alliance Holdings, said that faced with modest top line revenue growth for the first nine months of 2010, the company would continue to focus on its customers and pursue an international growth strategy and product development initiatives that would allow it to maximise the opportunities that arose as demand strengthens.
