Shandong-based coal giant Yankuang Group, parent of Yanzhou Coal Mining, Co., Ltd., earned a profit of 2.03 billion yuan ($306 million) in the first three quarters this year, up 6.7 times year on year, the company said in a statement.
It was the best performance of the company in the past five years. Operating revenue totaled 159.08 billion yuan during the same period, it said.
Yankuang has made progress in clean coal use and built a clean coal plant with production capacity of 1 Mpta.
(Writing by Jessie Jia Editing by Harry Huo)
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