Yanzhou Coal Expects 220%-plus Surge in H1 Net Profits

Tue. July 29, 2008; Posted: 04:45 AM

ZOUCHENG, Jul 29, 2008 (SinoCast via COMTEX) -- YZC | Quote | Chart | News | PowerRating -- Chinese major coal producer Yanzhou Coal Mining Co., Ltd. (SHSE: 600188; NYSE: YZC; SEHK: 1171) foresees today that its net profits for the first half of 2008 would skyrocket more than 220% from CNY 1.1089 billion a year ago.

The company previously predicted that its net profits would fly over 100% year in January-June 2008, thanks to rising coal prices at home and abroad and lower income tax. And the consecutively huge markups of its coal products since the second quarter of 2008 turned out to fuel the faster--than-expected growth of its net profits.

From www.cnstock.com, Page 1, Monday, July 28, 2008 info@SinoCast.com

For full details on Yanzhou Coal Mining Co (YZC) click here. Yanzhou Coal Mining Co (YZC) has Short Term PowerRatings of 4. Details on Yanzhou Coal Mining Co (YZC) Short Term PowerRatings is available at This Link.

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