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China Shenhua Energy Net Profit Up 19%, Citic Profit Up 400%
1088.HK, 600030.SH, 601088.SH, China Shenhua Energy, Citic Securities
Posted by: Li Jun on Mar 17, 2008 | 18:03
Editorial Summary
China Shenhua Energy Company Limited (601088.SH, 1088.HK) recorded RMB19.8 billion in net profit in 2007, up 18.9 percent year-on-year, due to growth in its electricity production business and the rising prices of its coal products, according to a company filing with the Shanghai Stock Exchange. Shares of China Shenhua Energy still fell 3.14 percent to close at RMB50.84 on Monday in Shanghai, following the broader market downturn.
Citic Securities (600030.SH) booked RMB30.8 billion in revenue in 2007, up 415.3 percent year-on-year, with net profit of RMB12.4 million, up 408.8 percent year-on-year, according to a company filing. Shares of Citic Securities rose 0.88 percent to close at RMB58.5 on Monday in Shanghai.
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