China Coal Energy: sees 1H net profit to rise to Rmb1.5-1.8bn

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2017-07-27 10:19:25

ET Net News Agency

��China Coal Energy said it expects the net profit attributable to shareholders for the six months ended 30 June 2017 to range from Rmb1,500 million to Rmb1,800 million, as compared to the net profit of about Rmb616 million for the same period in 2016.

��Such expected increase is due to the coal price gradually picked up and kept maintaining stable in the first half of 2017. By closely following market changes, China Coal scientifically arranged production and sales, which promoted its performance significantly.

��Its interim results announcement is expected to be published before the end of August.