Shenhua profits up 23 %

China Shenhua Energy Co, a unit of the country's biggest coal producer, said its preliminary profits rose 23 percent last year as increased demand drove up prices.
Net income climbed to 37.2 billion yuan ($5.7 billion) from 30.27 billion yuan a year earlier, the coal producer said in a statement to the Hong Kong Stock Exchange on Tuesday, citing unaudited figures.
Source:China Daily