China Shenhua Energy Posts 5.9% Rise In Q1 Net Profit

China Shenhua Energy Co

reported a 5.9% rise in its first-quarter net profit. China Shenhua Energy's quarterly net profit climbed to CNY11.74 billion (US$1.86 billion), from CNY11.09 billion, in the year-ago period. Its revenue surged 25% to CNY59.53 billion from CNY47.51 billion, based on international accounting standards. China Shenhua Energy's commercial coal output gained 12% y/y to 79.1 million metric tons, while sales climbed 16% to 108.3 million tons. China Shenhua Energy shares closed at $43.10 on Friday.