China Knowledge reported that Guizhou Panjiang Refined Coal Co Ltd announced that its estimated net profit for 2009 was up more than 50% from the CNY 540.04 million it reaped in 2008 and that its earnings per share for 2008 were CNY 0.91.
Last year, the coal producer sold 3.4 million tonnes of refined coal, an amount 470,000 tons more than the 2.93 million tonnes it sold in 2008. Its sales volume of blended coal was 3.32 million tonnes, 1.41 million tons more than in 2008.
Reportedly, Guizhou Panjiang Refined Coal last month planned to invest CNY 150 million in Huachuang Securities Brokerage Co Ltd to increase the latter firm registered capital. The coal firm in 2001 spent CNY 10 million for a 5% stake in the security firm.
(Sourced from http://www.steelguru.com/news/index/2010/01/27/MTMwMzQz/Guizhou_Panjiang_net_profit_for_2009_may_surge_by_50pct.html)
Tuesday, January 26, 2010
Guizhou Panjiang net profit for 2009 may surge by 50pct
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