Yanzhou Coal Q3 Net Dropped 61.27%

Posted on: Wed, 28 Oct 2009 07:44:00 EDT


Symbols: YZC
JINING, Oct 28, 2009 (SinoCast Daily Business Beat via COMTEX) --
YZC | Quote | Chart | News | PowerRating -- Yanzhou Coal Mining Co., Ltd. (SHSE: 600188) achieved CNY 1.124 billion net profit attributable to its shareholders in the third quarter of 2009, declining 61.27% year on year, and CNY 0.23 basic earnings per share (EPS), the Chinese coal manufacturer announced in its financial report on October 28, 2009.

The company gained an operating revenue of CNY 4.101 billion in the first three quarters, reducing 55.3% year on year; CNY 3.028 billion net profit attributable to its shareholders, decreasing 54.7%; investment income of CNY 92,038, rising 35.6%; and basic EPS of CNY 0.62.

Besides, the company's crude coal output decreased 110,000 tons year on year to 26.77 million tons in the first nine months, and commercial coal output shrunk 80,000 tons to 26.43 million tons. It aggregately sold 27.49 million tons of commercial coal, up 100,000 tons. And 750,000 tons of it was for domestic consumers and the rest 26.74 million tons for overseas consumers.

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

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

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