China Coal Swings to Profit as Sales Rise While Output Drops

Updated on
  • Profit climbs to 225 mln yuan from 1.07 bln yuan loss
  • China’s coal output declined 10% during the first seven months

China Coal Energy Co. swung to a profit as it maintained steady sales while production and costs fell, and as it benefited from a one-time gain. Shares dropped in Hong Kong on Thursday.

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