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Yanzhou Coal Profit Rises 18% as China Demand Boosts Prices
Apr. 26, 2011 08:06AM PST
Industrial MetalsBloomberg reported that higher prices and demand for coal helped Yanzhou Coal (NYSE:YZC) to an increase in first quarter profits.
Bloomberg reported that higher prices and demand for coal helped Yanzhou Coal (NYSE:YZC) to an increase in first quarter profits.
The market news is quoted as saying:
Net income climbed to 2.48 billion yuan ($380 million), or 0.5034 yuan a share, from 2.1 billion yuan, or 0.4271 yuan, a year earlier, the Shandong-based producer said in a statement to the Hong Kong stock exchange today.