Shenhua soars
Source: Bloomberg News |
October 29, 2011, Saturday
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Print Edition
Print Edition
CHINA Shenhua Energy Co, the country's biggest coal producer, yesterday posted a 25 percent gain in third-quarter profit after increasing output to benefit from higher prices.
Net income rose to 12.3 billion yuan (US$1.9 billion) from 9.9 billion yuan a year earlier, the company said in a statement to the Hong Kong stock exchange. Shenhua increased coal production by 22 percent to 69.5 million tons in the period, according to company filings.
Net income rose to 12.3 billion yuan (US$1.9 billion) from 9.9 billion yuan a year earlier, the company said in a statement to the Hong Kong stock exchange. Shenhua increased coal production by 22 percent to 69.5 million tons in the period, according to company filings.
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