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China's second-largest coal producer profit up 35 pct in 2011

(Xinhua)

09:51, January 10, 2012

BEIJING, Jan. 9 (Xinhua) -- China National Coal Group Corp., the country's second-largest coal producer, on Monday reported a 35 percent year-on-year growth in profit to 16.38 billion yuan (2.5 billion U.S. dollars) in 2011.

The group's coal output in the year grew 11 percent to 164 million tonnes, a growth it attributed to structural adjustment and management innovation.

In 2012, the company aims to produce 170 million tonnes of coal and post a profit of 17.3 billion yuan.

Meanwhile, the company will step up international cooperation and seek appropriate overseas mergers and acquisitions, it said.

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