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Friday, June 17, 2011

Shenhua Energy coal sales up by 45pct YoY

Friday, 17 Jun 2011

China Shenhua Energy coal output and sales grew 29.8%YoY and 44.9%YoY to 23.5 million tons and 32.9 million tons in May.

Its coal exports decreased 66%YoY to 200,000 tons in May. Power generation and distribution grew 27.3%YoY and 27.5%YoY to 15.25 terawatt hours and 14.2 tWh in May.

The company acquired 10 companies from its parent group and other subsidiaries of the parent in February. The 10 companies were all consolidated into Shenhua Energy in May.

(sourced from China Securities journal

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