13
Jul
09:36
Shanxi Coking Coal predicts doubling profit
China-listed Shanxi Coking Coal Company predicts its attributable profit will reach CNY 5.35-5.93 billion ($796-882 million) during January-June this year, according to its exchange release.
The figure means a surge of 175-205% from the corresponding period last year, Kallanish notes. The year-on-year increase in profit compares to the rise of 170% registered in the first quarter.
The company attributes the rapid profit growth to good demand and higher prices of …
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