SINGAPORE – China Coal Energy Co. Ltd. (1898.HK) said its net profit in the first half of the year rose tenfold as revenue increased and finance costs declined.
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Net profit in the January-to-June period was 2.28 billion Chinese yuan ($342.2 million), compared with CNY225.1 million in the same period of last year.
Revenue rose 41.1% to CNY37.10 billion, while finance costs declined to CNY1.9 billion from CNY2.44 billion, the Chinese coal miner said in a statement to Hong Kong Exchange late Wednesday.
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(END) Dow Jones Newswires
August 23, 2017 20:07 ET (00:07 GMT)