Shanxi Province-based Shanxi Coking Coal Energy Group Co., Ltd. announced that it expects to register a net profit of RMB 8.09-8.46 billion ($1.1-1.2 billion) for the January-September period this year, up 155-167 percent year on year.
The company stated that booming demand and increasing coal prices resulted in the big year-on-year rise in its net profit for the first nine months.