Coal news and updates

Mitsubishi books 27% fall in 9-mth profit on lower coking coal prices

    TOKYO, Feb 5 (Reuters) -Japanese trading house Mitsubishi Corp 8058.T on Tuesday reported a 27% drop in April-December net profit due to lower prices for coking coal and smaller gains from its real estate business.

Mitsubishi posted a profit of 696.6 billion yen ($4.7 billion) in the nine months to Dec. 31, compared with 955.8 billion yen a year earlier.

The trading company stuck to a full-year profit forecast through end-March of 950 billion yen, below the 983.9 billion yen mean estimate in a poll of 10 analysts compiled by LSEG.

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