Shenhua Energy Rose 12.7% in Jan-Sep Net

Posted on: Wed, 28 Oct 2009 07:43:00 EDT


Symbols: CUAEF
BEIJING, Oct 28, 2009 (SinoCast Daily Business Beat via COMTEX) --
CUAEF | Quote | Chart | News | PowerRating -- China Shenhua Energy Co., Ltd. (SHSE: 601088), one of the country's major coal producers, reaped net profit attributable to its shareholders of CNY 24.72 billion in the first three quarters of 2009, rising 12.7% from a year earlier.

Operating revenue and operating profit separately jumped 13.7% and 14.7% to CNY 88.153 billion and CNY 34.778 billion. Net profit hit CNY 27.966 billion with a growth of 12.4%, and basic earnings per share (EPS) stood at CNY 1.243.

In the third quarter alone, net profit attributable to its shareholders amounted to CNY 8.744 billion, up 12.2% year on year. EPS reached CNY 0.44.

From January to September, Shenhua Energy turned out 158.8 million tons of commodity coal and sold 189.6 million tons of coal, mounting 15.2% and 10.4% from a year earlier, respectively.

The coal producer, also engaged in power generation, generated 71.95 billion kilowatt-hours (KWH), and sold 66.78 billion KWH, separately stepping down 4.8% and 4.9%.

Source: www.shihua.com.cn (October 28, 2009)

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