10
Aug
01:06
Shanxi Coking Coal sees soaring half-year profit
In the first half of 2022, Shenzhen-listed Shanxi Coking Coal Energy Group reported soaring income and profit thanks to higher prices of coal, according to its exchange filing.
Six-month operating income was up 44.14% on-year to CNY 27.71 billion ($4.1 billion). Of this, the coal and coke businesses contributed 59% and 23% respectively.
Profit attributable to shareholders, meanwhile, surged to CNY 5.69 billion, up 192.88% from the same period last year, Kallanish…
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Very good overview of the weekly steel market.
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