Coal India Posts Q3 Profit Increase of 54%

Bloomberg reported that Coal India (BSE:533278) reported a higher than expected profit for third quarter.

As quoted in the market news:

Net income climbed to 40.4 billion rupees ($821 million), or 6.39 rupees a share, in the three months ended Dec. 31 from 26.3 billion rupees, or 4.16 rupees, a year earlier, Coal India said in a stock exchange filing yesterday.

Click here to read the full Bloomberg report.