China Coal Energy Company Limited, the second largest coal miner in China, predicted its net profit in the first three quarters of 2017 to surge 150%-190% year on year, it said in a statement late October 10.
The net profit stood at 893.69 million yuan ($135 million) during the same period last year.
China Coal Energy said the reason for fine performance was mainly the firm price amid the nationwide supply-side structural reform.
In more detail, the company said it made efforts to control debt scale, arrange production and sale scientifically, strengthen management and cost control and optimize the product structure to follow the market demand.
(Writing by William Gao Editing by Jessie Jia)
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