China Coal Energy (01898) said it reported a net profit attributable to shareholders of Rmb894 million for the first nine months of 2016, as compared to the net loss of Rmb1,666 million for the same period last year.
Basic and diluted earnings per share were Rmb0.07.
Operational revenue amounted to Rmb41,489 million, a decrease of 7.6% from a year earlier.
During 2016, under the influence of national policies such as addressing overcapacity and supply-side structural reform, the price of coal was stabilized and began to rebound. China Coal scientifically arranged coal production, optimized the product mix, strictly controlled the costs and expenses, and actively disposed the assets with low correlation with the main business and low profitability. It is expected that the net profit of China Coal will increase significantly over the previous year and China Coal will realize profit.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
