Aug. 28, 2012 (China Knowledge) - Hidili Industry International Development Ltd<1393
>, the largest coking coal miner in southwestern China, has announced that its net profit fell 28.46% YoY to RMB 186 million in the first half of this year.
Earnings per share were 9 RMB cents in the period, down 28.6% YoY. No Interim dividend was proposed.
Gross profit was RMB 786 million in the six-month period, up 8% YoY.
The company's turnover rose 12.1% from the same period of last year to RMB 1.26 billion in the first six months.
In the second quarter, the firm's sales of cleaned coking coal jumped 23% YoY to 480,000 metric tons, while average sales price fell 14% to RMB 1,159 per metric ton. Sales of coke surged 85% to 61,000 metric tons in the period.