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China Shenhua Energy targets 3pct growth in 2012 coal output

Steel News - Published on Tue, 27 Mar 2012

China Knowledge reported that China Shenhua Energy Co Ltd the country largest coal producer aims to produce 289.9 million tonnes of commercial coal this year up by 2.8%YoY.

The company plans to sell 410.5 million tonnes of coal and generate 199.6 terawatt hours of electricity in 2012 reflecting a YoY growth of 6% and 19.1% respectively.

In 2011, the coal company saw its commercial coal output grow 14.8%YoY to 281.9 million tonnes and its coal sales jump 23.7%YoY to 387.3 million tonnes. Electricity output surged 27.2% to 179.97 TWhs and electricity sales rose 27.3% to 167.61 TWhs last year.

China Shenhua Energy on Friday reported a net profit of CNY 44.82 billion of net profit for 2011 up by 18.4%YoY. Basic earnings per share were CNY 2.25 last year. The company proposed a final dividend of CNY 0.90 per share.

Source - China Knowledge

(www.steelguru.com)

Posted By : admin on Tue, 27 Mar 2012
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