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HONG KONG (AP) - China Shenhua Energy Co., the mainland's largest coal producer by output, said Friday its 2005 net profit rose 75 percent on increased production and higher prices.
The state-controlled firm, whose operations include coal, ports, rail, and power generation, posted a net profit of 15.63 billion Chinese yuan ($1.94 billion) for the year ended Dec. 31, 2005, up from 8.94 billion yuan the previous year.
The company was reporting full-year results for the first time since its stock market debut in Hong Kong last June.
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