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Pingdingshan Tianan Coal Mining's H1 profit down 27%

Aug. 14, 2012 (China Knowledge) - Pingdingshan Tianan Coal Mining Co<601666>, the biggest coking coal base in Central and South China, has announced its net profit attributable to shareholder to decrease 27.03% YoY to RMB 830.25 million in the first half of this year.

Basic earnings per share for the period was RMB 0.35, less than RMB 0.48 it realized in the corresponding period of last year.

In a statement, the company saw its operation revenue for the six-month period reach RMB 12.42 billion, up 3.2% from a year earlier.

In the first half of this year, Pingdingshan Tianan Coal Mining's raw coal output reached 19.41 million metric tons, up1.4% YoY, while the cleaned coal output grew 18.99% YoY to 3.45 million metric tons.

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