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Shaanxi Coal posts 8.6% YOY growth in H1 earnings to 5.94B yuan

Shaanxi Coal Industry Co. Ltd. saw its net profit rise 8.6% year over year to 5.94 billion Chinese yuan in the first half, due to increased demand for energy in China.

The company said Aug. 10. its operating revenue over the period saw a yearly growth of 2.57%, to 26.24 billion yuan.

During the six months, the company saw the price of its commercial coal products rise by 2.83%, with total commercial coal production reaching 65.41 million tonnes.

EPS reached 59 fen per share, compared with 55 fen per share reported a year earlier.

The company also attributed the growth to an improved transportation due to collaboration with railway operators.

As of Aug. 9, US$1 was equivalent to 6.82 Chinese yuan.