Yanzhou Coal H1 Net Profits Exploded 239.3%
Tue. August 26, 2008; Posted: 04:45 AM
YANZHOU, Aug 26, 2008 (SinoCast via COMTEX) --
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PowerRating -- China's top coal producer Yanzhou Coal Mining Co., Ltd. (SHSE: 600188; NYSE: YZC; SEHK: 1171) today reports net profits of CNY 3.762 billion for January-June 2008, skyrocketing 239.3% from a year ago, thanks to raising coal prices.
The coal producer gained operating revenue of CNY 12.85 billion, hiking 65.3% year on year. Earnings per share mounted 239.26% to CNY 0.76.
It produced 18.07 million tons of crude coal in the half year, slipping 0.4% from a year ago. Its commercial coal output added 1.1% to 17.86 million tons, and its coal sales climbed 7.2% to 18.51 million tons.
From www.hexun.com, Page 1, Monday, August 25, 2008
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