China Qinfa Expects Higher Half-Year Profit After Tax; Shares Up 4%
MT Newswires Live
Aug 12
China Qinfa (HKG:0866) expects to record a profit after taxation of no more than 290 million yuan for the first half of 2026, compared with 31 million yuan of post-tax profit from continuing operations a year earlier, according to a Tuesday filing with the Hong Kong Exchange.
The expected increase was mainly driven by higher average coal selling prices, increased raw coal and washed coal production, a decrease in foreign exchange losses, and a gain from changes in provisions.
Shares of the coal company were up nearly 4% in morning trade on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.