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Bloomberg reported that Chinese Yanzhou Coal hit a seven-week low in Hong Kong trading, pulled down by weak Q3 results.
Bloomberg reported that Chinese Yanzhou Coal hit a seven-week low in Hong Kong trading, pulled down by weak Q3 results.
As quoted in the market report:
The company posted a net loss of 79.6 million yuan ($12.7 million), compared with a 1.08 billion yuan profit a year earlier, the Shandong-based company said in a filing on Oct. 26. The average coal price received by the group fell 19 percent in the quarter while operating costs rose to 13.03 billion yuan from 10.69 billion yuan a year ago.