Shaanxi Coal Group foresees strong rise in net profit for 2016

Shaanxi Province-based Chinese coal producer Shaanxi Coal and Chemical Industry Group Co., Ltd (Shaanxi Coal Group) has announced that it expects a net profit in the range of RMB 2.50-3.00 billion ($0.37-0.44 billion) for 2016, rising by about 183.65-200.38 percent year on year.