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View Full Version : Yanzhou Coal Third-Quarter Profit Drops 70% on Currency Loss - Bloomberg



NewsWhore
10-21-2011, 10:30 AM
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Yanzhou Coal Third-Quarter Profit Drops 70% on Currency Loss (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFT0-po1zv_9dptymM1ejM0AbBGRw&url=http://www.bloomberg.com/news/2011-10-21/yanzhou-coal-third-quarter-profit-drops-70-on-currency-loss-1-.html)
Bloomberg
Yanzhou, which bought Australia&#39;s Felix Resources Ltd. for A$3.1 billion ($3.2 billion) in 2009, reported a 1 billion-yuan foreign-exchange loss in the third quarter after the Australian dollar fell 10 percent against the US currency during the period. ...

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