Aquila swings to FY profit

Resources group offloads assets, expects Eagle Downs production by 2017.

Aquila Resources (AQA) has rebounded into profit as it offloads assets and plans to bring its Eagle Downs project into production by 2017.

Aquila said 2012-13 profit was $317 million following a loss of $238 million in the prior year.

Revenue from the sale of coal was $197 million in the year.

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