Shaanxi Province-based Chinese coal producer Shaanxi Coal Industry Company Ltd has announced that it expects to register a net profit in the range of RMB 5.4 billion ($0.79 billion) to RMB 5.7 billion ($0.84 billion) for the first half of the current year, compared to a net profit of RMB 251 million ($36.9 million) in the same period last year.
The company stated that rises in coal prices in the first half of the year contributed to the increase in its profitability.