China Shenhua Energy Posts 5.9% Rise In Q1 Net Profit

by Benzinga Staff
April 30, 2012 5:12 AM | 23 seconds read | Make a Comment

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China Shenhua Energy Co (OTC: CSUAY) 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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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