Yankuang Energy (SHA:600188, HKG:1171) expects to record an adjusted net profit attributable to shareholders of 8.5 billion yuan in the first nine months of the year, compared with 6.5 billion yuan a year ago.
The Chinese coal manufacturer attributed the anticipated growth to rising coal prices, improved operating performance, higher investment income gained from the transfer of Inner Mongolia Xintai Coal, and other factors, a Tuesday Hong Kong bourse filing showed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments