China Shenhua Energy Co Ltd, the country's largest coal producer, said its 2008 net profit rose 29.7 percent, based on preliminary, unaudited figures under Chinese accounting standards.

Net profit attributable to equity shareholders was 26.6 billion yuan (US$3.89 billion) in 2008, the company said, without giving a reason for the increase.

Operating revenue of the company grew 30.5 percent to 107.1 billion yuan.

(China Daily March 4, 2009)