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SDIC Xinji Energy forecasts 52.49% surge in H1 net profit

Jul. 11, 2012 (China Knowledge) - SDIC Xinji Energy Co Ltd<601918>, principally engaged in the exploration, washing, processing and marketing of coal in China, said yesterday that it expects its net profit to soar 52.49% YoY to RMB 924 million in the first half of this year.

Earnings per share were estimated at RMB 0.5 in the period, said the company in a statement.

SDIC Xinji Energy’s operating revenue was forecast to grow 14.65% from the same period of 2011 to RMB 4.57 billion.

In the first quarter of this year, SDIC Xinji Energy booked a net profit of RMB 535.79 million, 58.71% more than in the same period last year. Core business revenue climbed 8.45% YoY to RMB 2.2 billion.

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