Business / Companies

China Shenhua H1 profit up 14.7%

(Xinhua) Updated: 2012-08-27 09:45

BEIJING -- China Shenhua Energy Co, the country's largest coal producer, saw its net profit rise 14.7 percent year-on-year to 25.18 billion yuan ($3.98 billion) in the first half of 2012.

The boost in profit was due to increases in both sales and prices of coal and electricity, according to a latest report filed to the Shanghai Stock Exchange.

In the first half of the year, the company's coal sales surged 16.2 percent from a year earlier to 222 million tons, while its electricity production and sales both rose more than 15 percent.

Its total revenue stood at 121.47 billion yuan in the first six months of 2012, up 20.1 percent from a year earlier. Its earnings per share was 1.27 yuan.

China Shenhua Energy's main businesses include coal production, electricity generation, railway transport, port and shipping.

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