China’s Yanzhou Coal Swings to Profit as Aussie Taxes DropBy
Income tax declined 70% y-o-y, mainly on Yancoal Australia
Recovered from a loss of 50.6 million yuan in first-half 2015
Yanzhou Coal Mining Co. swung to a profit in the first half of the year as its tax charge fell 70 percent from the previous period, mainly on lower liabilities on its Australian assets, helping the company overcome weaker output and prices.
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