Apr. 17, 2012 (China Knowledge) – Datong Coal Industry Co Ltd<601001
>, which is primarily engaged in the mining, processing and sale of coal products, announced its net profit attributed to shareholders declined 16.48% year on year to RMB 1.09 billion in 2011, mainly due to the increase in management expenses.
According to a statement filed with Shanghai Stock Exchange
, the company saw its operation revenue for last year grow 37.92% more than a year earlier to RMB 14.42 billion.
Basic earnings per share were RMB 0.65 in 2011, and a final dividend of RMB 1.9 per ten shares was declared.
In 2011, the company's coal output reached 30.94 million metric tons, and its coal sales hit 23.77 million metric tons last year.
The coal producer added that the coal price might be restricted by the oversupply in coal industry in the near term. However, it aims to enlarge its coal output to 38.5 million metric tons in 2012, sources reported.