Coal India First-Quarter Profit Beats Estimates on Higher Prices, Demand

Bloomberg reported that Coal India’s (BOM:533278) profits for first quarter were higher than analysts’ expectations.

The market news is quoted as saying:

Net income rose to 41.4 billion rupees ($912 million), or 6.56 rupees a share, in the three months ended June 30, from 25.3 billion rupees, or 4 rupees, a year earlier, the company said in a stock exchange filing today

To read the full market news, click here.