Lutian Coal sees both increased sales and prices for coal with net profit doubling in H1 2017
2017-08-22 17:49:10 [Print]
Lutian Coal released its semi-annual report on the evening of 20th
. According to the report, the company achieved operational revenue of RMB3 . 983 billion in the first half of 2017, up by 64 . 89% YOY; the net profit was RMB1 . 051 billion, up by 201 . 99% YOY . The increased performance was mainly the result of the year-on-year increased comprehensive prices and sales for coal . In addition, in order to further expand its new energy business, the wholly-owned subsidiaries of the company invested RMB40 million for setting up Abga Banner Lvneng New Energy Co . , Ltd . and Sonid Right Banner Lvneng New Energy Co . , Ltd.