China Shenhua Energy’s net profit expected to decline 15% in H1

Friday, 31 July 2020 09:55:30 (GMT+3)   |   Shanghai
       

Chinese coal miner China Shenhua Energy Company, a listed subsidiary of Shenhua Group - the largest coal company in China, has announced that in the January-June period this year its net profit is expected to decrease by RMB 3.5 billion or 15 percent year on year. The company said the COVID-19 pandemic in the given period has negatively affected the demand for coal, which resulted in drops in sales volume and average selling prices. 


Most Recent Related Articles

Chinese domestic PPGI prices edge up

Iron ore inventory at Chinese ports mostly stable

Suppliers push wire rod prices up sharply in SE Asia, ex-China offers uncompetitive

Average daily passenger vehicle retail sales in China up 12% in Apr 15-21

MIIT: China’s commodity prices unlikely to see long-term rises