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China coal producer Yanzhou Coal posts 16.81-pct rise in 2018 net profit

China’s major coal producer Yanzhou Coal Mining Co., Ltd. said Saturday that its net profit saw a 16.81-percent rise in 2018.

The company’s net profit attributable to shareholders reached 7.9 billion yuan (about 1.2 billion U.S. dollars) last year, according to its annual financial report filed to the Shanghai Stock Exchange.

Over the same period, the company saw its revenue reach 163 billion yuan, up 7.79 percent year on year.

It produced 105.9 million tonnes of raw coal and sold 113.94 million tonnes of salable coal in 2018.

Based in eastern China’s Shandong Province, the company is a major coal producer and trader in China and Australia.
Source: Xinhua

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