Shenhua Energy Boosts Profits on Higher Coal Demand

Reuters reported that coal demand boosted profits for Shenhua Energy Co. (HSE:1088) by 18 percent.

As quoted in the market news:

For 2011, Shenhua’s net profit totaled 45.677 billion yuan ($7.24 billion) versus restated net profit of 38.834 billion yuan for 2010, marking its highest annual net profit since listing in Hong Kong in 2005.

Click here to read the full Reuters report.