Friday, April 25, 2014

Huolinhe Opencut Coal Q1 Net Down 37.7%

INNER MONGOLIA, April 25, SinoCast -- Huolinhe Opencut Coal Industry Corporation Limited of Inner Mongolia (SZSE: 002128) revealed operating revenue of CNY 1.494 billion in the first quarter of 2014, declining 12.56% from a year earlier. Net profit attributable to shareholders reached CNY 250 million, lessening 37.7%. Basic EPS were CNY 0.19.

The company expected net profit of CNY 226.3109 million to CNY 349.7533 million in the first half of 2014, lowering 15% to 45%, due to decreasing coal prices.

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Source: Sinocast Energy Beat (China)

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