China Coal Energy (01898) said its net profit attributable to shareholders for the first nine months of 2014 dropped 79.3% year-on-year to Rmb659 million.
Its basic and diluted earnings per share were Rmb5 cents.
Operational revenue amounted to Rmb52,079 million, a decrease of 12.6% from a year earlier.
China Coal said it may record a relatively significant decrease in aggregate net profit for 2014 as compared with that of the corresponding period of 2013 due to the prolonged low coal prices under a relatively significant change in demand and supply of the domestic coal market in 2014.
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