Shenhua's profit rises 46% in the first three quarters

China's largest coal producer saw profit jump 46 percent in the third quarter amid a price surge following the government's efforts to curb the oversupply.

Net income at China Shenhua Energy Co, the biggest coal miner in the world's largest energy consumer, rose to 7.48 billion yuan ($1.1 billion) from about 5.1 billion yuan in the same period last year, the Beijing-based company said in a statement to the Shanghai Stock Exchange.

Coal prices have made a comeback after five years of declines because of a reduction in domestic supply.