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

China’s finished steel imports exceed 2.5 million mt in July, exports remain weak

China’s auto vehicle retail sales up nine percent at end of July

CISA: Steel demand in China to rise by 2% in 2020 amid strong H2

China’s steel sector PMI down slightly in July, demand recovery expected for August

Fangda Special Steel abandons acquisition of Shente Steel