Others News
- Shenhua profit up amid higher prices
Date: 26-Mar-2007 Sources: (Shenzhen Daily)
CHINA Shenhua Energy Co., the world's second-largest coal producer by reserves, posted a lower-than-expected 12 percent rise in 2006 net profit as higher costs and lower overseas coal sale prices pared gains from volume and domestic price growth.
China's top coal producer made a net profit of 17.46 billion yuan (US$2.26 billion), lagging expectations of 18.5 billion yuan, the mean forecast from 18 analysts. Earnings per share were 0.965 yuan, up from 0.937 yuan a year ago, it said in a statement late Friday.
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