China Coal Energy profit up 15.9pc

PUBLISHED : Thursday, 28 April, 2011, 12:00am
UPDATED : Friday, 08 May, 2015, 9:51am
 

China Coal Energy, the listed flagship of the nation's third-largest coal producer China National Coal Group, posted a 15.9 per cent year-on-year rise in first-quarter net profit to 2.3 billion yuan (HK$2.7 billion). Revenues grew 34.1 per cent to 20.91 billion yuan, thanks to a 10.7 per cent rise in sales volume of self-produced coal to 2.5 million tonnes and a 5.1 per cent increase in average selling price to 476 yuan per tonne. The benefits were offset by an 11.9 per cent rise in cost of sales to 223.13 yuan per tonne.

Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.