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BIZCHINA> Top Biz News
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Shanxi Coking Coal output down 10% in Q1
By Zhao Tingting (chinadaily.com.cn)
Updated: 2009-04-23 14:23 Shanxi Coking Coal Group Co Ltd produced over 10 percent less coal and coke in the first quarter of this year, lowering its 2009 output target, the Shanghai Securities News reported Thursday.
The company earned revenue of 13.11 billion yuan in the first quarter, up 1.47 percent year-on-year, claiming net profits of 765 million yuan. The production cost of raw coal climbed 67.84 yuan per ton to 286.2 yuan per ton, according to the report. After the output target adjustment, raw coal output was reduced to 78 million tons, clean coal 32.4 million tons, coke 5 million tons and power generation 5.07 billion kWh, according to the report. Shanxi Coking Coal Group plans to transport 86.49 million tons of coal and sell 67.92 million tons, realizing net profits of 3 billion yuan in 2009. (For more biz stories, please visit Industries)
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