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. 

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