China Shenhua Profit Rises 16% After Acquiring Coal Assets

Bloomberg reported that profits for China Shenhua Energy Co. (SHA:601088) were up on the company’s acquisition of additional coal assets.

The market news is quoted as saying:

Production at China Shenhua may rise to as much as 270 million metric tons this year, exceeding the company’s annual target of 258 million metric tons, Chairman Zhang Xiwu said in March.

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