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China Coal Energy's H1'19 earnings rise 40% YOY to 3.79B yuan

China Coal Energy Co. Ltd. on Aug. 24 posted a 39.8% year-over-year growth for its net profit attributable to shareholders for the first half.

The company's net profit attributable to shareholders rose to 3.79 billion Chinese yuan, from 2.71 billion yuan a year earlier. EPS in the first half increased to 29 fen from 20 fen.

Operating revenue was up 21.3% year over year to 61.03 billion yuan from 50.32 billion yuan.

The company's earnings after deducting nonrecurring items increased 36%, reaching 3.75 billion yuan compared with 2.75 billion yuan in the same period of 2018.

As of Aug. 23, US$1 was equivalent to 7.09 Chinese yuan.