Business
        

Energy

China Shenhua says net profits up 23% last year

Updated: 2011-03-26 15:58

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China Shenhua Energy Co Ltd, China's largest coal producer, said Saturday that its net profits reached 37.19 billion yuan ($5.63 billion) in 2010, up 22.8 percent from the previous year.

The Shanghai-listed company said in its annual business report that revenues last year increased 25.3 percent to top 152 billion yuan.

Related readings:
China Shenhua says net profits up 23% last year Shenhua shortlisted in bid to develop Mongolian coalfield
China Shenhua says net profits up 23% last year China's Shenhua says CTL plant to begin storing carbon in '11
China Shenhua says net profits up 23% last year Shenhua Group to invest $78b on expansion in 2011-15
China Shenhua says net profits up 23% last year Shenhua Group prepares pilot CCS facility

Earnings per share went up 22.8 percent to 1.87 yuan per share, according to the report posted on the Shanghai Stock Exchange website Saturday.

As of the end of 2010, the total assets of the Beijing-headquartered company amounted to 339.27 billion yuan, representing a rise of 9.3 percent compared to the same period in 2009.

The report said the company's coal output rose by 6.8 percent to reach 224.8 million tons last year, while sales increased 15.1 percent to reach 292.6 million tons.

Specials

London's Olympic Stadium

Construction on the flagship stadium for the 2012 London Olympics was completed Tuesday.

The queen of panda cubs

Spanish Queen Sofia laughs as she plays with a panda.

Donkey-powered Land Rover

Two donkeys pull a broken-down Land Rover in Shenyang, Liaoning province.

Panic buying of salt
Earthquake Hits Japan
NPC & CPPCC sessions