Coal India Third-Quarter Profit Rises 4.2%

Profit for the period ending Dec. 31 came in at Rs 30.05 billion.

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Coal India Third-Quarter Profit Rises 4.2%
Coal India Ltd, the world's biggest coal miner, reported a 4.2-percent rise in third quarter profit on Saturday, beating analysts' estimates.

Profit for the period ending Dec. 31 came in at 30.05 billion rupees ($467.05 million), versus 28.83 billion rupees a year earlier. 

This was above analysts' estimates of 27.96 billion rupees, Thomson Reuters data showed.

Coal production rose to 152.04 million tonnes in the quarter from 147.73 million tonnes a year earlier, the Kolkata-based company said.
 
© Thomson Reuters 2018


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