Brief: Inner Mongolia Yitai Coal To Swing To Net Loss In 2020

Inner Mongolia Yitai Coal Co

29/01/2021 12:05

Jan 29 (Reuters) - Inner Mongolia Yitai Coal Co Ltd
 900948.SS :
    * SAYS IT EXPECTS TO SWING TO NET LOSS OF ABOUT 800 MILLION
YUAN
IN 2020 VERSUS NET PROFIT OF 3.8 BILLION YUAN  ($590.78 million)
YEAR EARLIER
    * SAYS IT SUSPENDS ITS COAL-TO-LIQUIDS PROJECT IN XINJIANG,
WHICH
RESULTS IN PROVISION FOR ASSET IMPAIRMENT OF 3.2 BILLION YUAN

Source text in Chinese: https://bit.ly/39ycGJH ;
https://bit.ly/39tHJpW
Further company coverage:  900948.SS 

($1 = 6.4322 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))