August 30 -- Anhui Hengyuan Coal Industry and Electricity Power posted a 9.36 percent year-on-year rise in first half 2011 net profit to 566 million yuan on a 22.57 percent increase in revenue to 4.48 billion yuan, reports yicai.com, citing a company filing.
The company produced 6.68 million tons of crude coal and sold 5.99 million tons in the first half.
Hengyuan Coal plans to convert 12.8065 shares for every 10 shares held, boosting its total shares outstanding to one billion shares.
Source:capitalvue