Inner Mongolia Yitai Coal flags 150% jump in FY’17 net profit

摘要

Inner Mongolia Yitai Coal Co. Ltd. said Jan. 30 that net profit attributable tornshareholders for 2017 has been estimated at around 5 billion Chinese yuan, anrnincrease of 150% from the 1.99 billion yuan recorded in 2016.rnMargins in the period improved on the back of coal price increases resultingrnfrom supply-side reform and economic recovery in China. Coal output andrnsales volumes have significantly increased, following commissioning of itsrnTalahao coal mine in the country, the company said.