BackCoal India third-quarter profit surges 50% on higher production
1 min read
12 Feb 2019, 08:28 PM IST
Quarterly coal production rose 2.6% year-over-year to 155.97 million tonnesThe figure beat analysts' average estimate of ₹40.69 billion in profit, according to Refinitiv Eikon data
PremiumCoal India Ltd, the world's biggest coal miner, reported a 50.1% jump in third-quarter profit on Tuesday as it benefited from higher coal production.
Its profit for the three months to December reached ₹45.67 billion($646.5 million), compared with 30.43 billion a year earlier, the company said.
The figure beat analysts' average estimate of ₹40.69 billion in profit, according to Refinitiv Eikon data.
Quarterly coal production rose 2.6% year-over-year to 155.97 million tonnes.
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Published: 12 Feb 2019, 08:28 PM IST
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