trending Market Intelligence /marketintelligence/en/news-insights/trending/uy_SGbWooSDr7IiUmC9i5w2 content esgSubNav
In This List

Shaanxi Coal flags return to profit for H1'16

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans


Shaanxi Coal flags return to profit for H1'16

said July 14 that it expected to swing to a net profit attributable toshareholders of between 150 million Chinese yuan and 280 million yuan in thefirst half, which compares to a net loss of 954.8 million yuan a year ago.

Thecompany closed less efficient production facilities in central China, whichlowered production costs and improved profitability. A hike in prices of coalproducts in the first half also contributed to earnings, Shaanxi Coal said.

As of July 14, US$1 wasequivalent to 6.69 Chinese yuan.