[ET Net News Agency, 15 October 2018] China Coal Energy (01898) said its net profit for
the nine months ended 30 September 2018 is expected to range from RMB4.9 billion to RMB5.3
billion, representing a year-on-year increase of 55.6% to 68.3%.
The board considers that the expected increase in profit is due to the fact that: In the
first three quarters of 2018, China maintained stable economic development as a whole. The
company seized the opportunity and expanded its market share, furthered its reform,
innovation and potential exploration, reduced leverage and strengthened cost control,
scientifically arranged production and sales, so that the asset operational efficiency and
management have been refined significantly. (KL)