Yanzhou Coal Hits Seven-Week Low

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.

To view the whole Bloomberg report, click here.