Coal news and updates

Daqin Railway H1 profit up 2.16%

Daqin Railway Co., Ltd, operator of China’s leading coal-dedicated Daqin rail line, saw its net profit rise 2.16% on year to 7.34 billion yuan ($1.15 billion) in the first half of the year, the company said on August 27.

During the same period, the revenue of Daqin Railway amounted to 27.57 billion yuan, up 4.5% from the preceding year.

Over January-June, the total volume of coal transported through Daqin line reached 247.28 million tonnes, increasing 0.3% from the year before and accounting for 88% of the total cargo transport by Daqin.

source: http://en.sxcoal.com