Increased Sales Volume Gives Coal India 9 Percent Quarterly Profit Increase

Reuters reported that Coal India beat analyst estimates by posting a 9 percent increase last quarter, thanks to a jump in sales volume.

As quoted in the market report:

The state-run miner said October-December net profit rose to 43.95 billion rupees ($815 million) from 40.40 billion a year earlier. Net sales rose 13 percent to 173.25 billion rupees.

To view the whole Reuters report, click here.