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Article: PINGZHUANG ENERGY NET PROFIT TO SURGE 350%-400% IN Q3
- Article from:
- AsiaInfo Services
- Article date:
- September 22, 2008
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AsiaInfo Services
09-22-2008
Pingzhuang Energy Net Profit to Surge 350%-400% in Q3
CHIFENG, Sep 22, 2008 (SinoCast via COMTEX) -- Inner Mongolia Pingzhuang Energy Resources Co., Ltd. (SZSE: 000780) estimates that its net profit in the third quarter of 2008 will bulge 350% to 400% from 37.04 million a year earlier.
The coal producer will see net profit swell by 50% to 100% from CNY 180.5 million a year ago in the first three quarters.
Its announcement on September 19 shows that the company's coal sales volume will surge 90% to 100% from 3.69 million tons a year ago in the first nine months of 2008, and its average sales prices will rise 30% to 35% from CNY 172.56 per ton ...