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The coal producer gained operating revenue of CNY 20.4197 billion, hiking 71.39% year on year. Basic earnings per share stood at CNY 1.351. It and its subsidiaries produced 26.51 million tons of commercial coal and sold 27.39 million tons in the nine months.
Besides, the company obtained operating revenue of CNY 7.565 billion and net profits of CNY 2.8837 billion in July-September 2008, hiking 82.9% and 302.6% from the same period of 2007, respectively. Basic earnings per share reached CNY 0.586. It and its subsidiary produced 8.66 million tons of commercial coal and sold 8.88 million tons in the quarter.
Moreover, Yanzhou Coal predicts that its net profits for 2007 would skyrocket more than 190% from 2007, thanks to strong coal prices.
From www.shihua.com.cn, Page 1, Monday, October 27, 2008 info@SinoCast.Com
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