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China Shenhua Energy Posts 5.9% Rise In Q1 Net Profit

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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.

Posted-In: profitEarnings News

 

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