(EnergyAsia, November 2 2011, Wednesday) — Hong Kong Stock Exchange-listed Yanzhou Coal Mining Co blamed foreign exchange losses for a 70% decline in its third-quarter profit compared with the same period last year.In a statement to the exchange, China’s fourth-largest coal producer said its profit fell to 1.1 billion yuan from 3.7 billion yuan a…
CHINA: Yanzhou Coal cites currency loss for 70% plunge in third-quarter profit
Posted on November 2, 2011 by EnergyAsia