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Coal India 1Q Net Profit Up 22% on Year

   By P.R. Venkat 
 

Coal India Ltd.'s (533278.BY) first-quarter net profit rose 22% on year due to higher contributions from its washed-coal business.

Net profit for the quarter ended June was 46.30 billion rupees ($654 million), Coal India said late Tuesday.

First-quarter revenue was INR249.39 billion compared with INR250.71 billion a year earlier.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

(END) Dow Jones Newswires

August 13, 2019 21:11 ET (01:11 GMT)

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