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Shanxi Coking forecasts net profit surge 117.99% in 2022

sxcoal.com Production & Sales,  Cost & Profit 2023-01-20 08:36:59

Shanxi Coking Co., Ltd. forecast its net profit attributable to shareholders of parent company to reach 2.4-2.75 billion yuan ($352-403.97 million) in 2022, soaring 90.22-117.99%, the company said in its annual performance forecast report.


The company attributed the bullish earnings largely increased investment returns on China Coal Huajin Group Co., Ltd.,  despite multiple challenges facing the coking sector.


Coke production in the fourth quarter totaled 880,400 tonnes, up 3.53% from a quarter ago. Coke sales increased 2.81% to 880,300 tonnes. The average selling price was at 2,302.13 yuan/t, up 0.84 yuan/t.


(Writing by Rebecca Liu  Editing by Tammy Yang)
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