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Thirty-eight listed coal firms earn RMB 53.71 bln in H1

Sep. 3, 2012 (China Knowledge) - The 38 coal firms listed on the Chinese stock market reaped a combined net profit attributable to shareholders of RMB 53.71 billion in the first half of this year, reflecting a growth of 4.3% YoY.

The growth rate was 15.9 percentage points less than that in the H1 of 2011, which indicated weakening profitability in the coal industry.
Operating profit of the 38 coal companies totaled RMB 71.77 billion in the first six months, down 5.5% YoY, although these companies' operating revenue jumped 28.3% YoY to RMB 464.1 billion.

The five most profitable coal companies are China Shenhua Energy Co Ltd<601088><1088>, Yanzhou Coal Mining Co<600188><1171>, China Coal Energy Co Ltd<601898><1898>, Inner Mongolia Yitai Coal Co<900948> and Shanxi Lu'an Environmental Energy Development Co<601699>, whose net profit was RMB 25.18 billion, RMB 4.91 billion, RMB 4.77 billion, RMB 3.21 billion and RMB 1.83 billion in H1.

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