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SinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ:SCOK) announced increased revenue as part of its second quarter financial results.
SinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ:SCOK) announced increased revenue as part of its second quarter financial results.
As quoted in the press release:
Due to tight coal supplies, revenue from the sale of coal products increased by 16.9% to approximately $8.4 million, despite a 16.3% decrease in total metric tons sold. Coal revenue accounted for 48.7% of total revenue for the quarter as compared to 43.0% of total revenue last year.
Click here for the SinoCoking Coal and Coke Chemical Industries, Inc. (NASDAQ:SCOK) press release.