Coal firms in the red as prices fall
By Yang Ziman | China Daily | Updated: 2015-11-03 08:49
Growth slowdown, poor power consumption and lower increase in profits seen as key reasons
More than half of the listed coal companies that have released earnings reports for the first three quarters of the year have reported losses amid a sharp fall in coal prices.
Among the 27 coal companies that have released their profit statements, 14 reported losses.
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