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China Coal Energy 3Q Net Profit Rose 42%

By Yi Wei Wong

 

China Coal Energy Co. (1898.HK) said its third-quarter net profit rose 42% from a year earlier due to the expansion of its coal business.

Net profit for the third quarter was 5.76 billion yuan ($815.2 million), compared with CNY4.06 billion a year earlier, the company said Monday.

Revenue rose 22% from a year ago to CNY94.24 billion, it said.

For the first nine months of 2019, China Coal Energy said its commercial coal sales rose 33% from the year-earlier period.

 

Write to Yi Wei Wong at yiwei.wong@wsj.com

 

(END) Dow Jones Newswires

October 28, 2019 05:32 ET (09:32 GMT)

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