Coal price rises aid Yanzhou

Yanzhou Coal Mining registered a 14.2 per cent net profit rise to 844.76 million yuan (about HK$785.6 million) for the year to December 31 due to increases in coal prices. Net sales grew 0.59 per cent to 3.28 billion yuan, while gross profit rose 4.8 per cent to 1.82 billion yuan. Earnings per share were 51 fen, up 15.9 per cent from the previous year. No final dividend is being paid.