Yankuang Energy's Q3 Profit Plunges 16%

MT Newswires Live10-25

Yankuang Energy Group (HKG:1171, SHA:600188) recorded a 16% decline in attributable profit for the three months ended Sept. 30 to 3.84 billion yuan from 4.55 billion yuan a year prior, a Friday bourse filing said.

Earnings per share were 0.38 yuan in the quarter, down from 0.45 yuan in the corresponding period of 2023.

The coal miner's operating income declined by 15% to 34.3 billion yuan in the three months ended Sept. 30 from 40.6 billion yuan in the year-ago period.

For the nine months ended Sept. 30, attributable profit and operating income plummeted 27% and 22% to 11.4 billion yuan and 106.6 billion yuan, respectively.

Hong Kong-listed shares of the company closed over 1% lower.

Price (HKD): $10.58, Change: $-0.16, Percent Change: -1.49%

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