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.
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.
Continue Reading Below
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.
Write to Gaurav Raghuvanshi at firstname.lastname@example.org
(END) Dow Jones Newswires
August 23, 2017 20:07 ET (00:07 GMT)