China Coal posts net profit of RMB 2.03 billion for 2016

Beijing-based state-owned coal producer China National Coal Group Corp. (China Coal) has announced in its annual report that in 2016 it registered an operating revenue of RMB 60.631613 billion ($8.79 billion), up 2.3 percent year on year, with a net profit of RMB 2.03 billion ($294.2 million), compared to the net loss of RMB 2.5 billion it recorded in 2015.