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Pingdingshan Tianan Coal Mining's profit down 80% in Q3

Oct. 24, 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 shareholders decrease 80.12% YoY to RMB 113 million in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.05.

From July to September, the company realized RMB 4.61 billion in operation revenue, reflecting a YoY decrease of 32.69%.

In the first nine months of this year, Pingdingshan Tianan Coal Mining saw its operation revenue amounted to RMB 17.03 billion, down 9.8% from a year earlier, while its net profit for the nine-month period plunged 44.76% YoY to RMB 944 million.

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