CITIC Resources profit doubles, seeks acquisitions
March 05, 2012 at 02:09 AM EST
HONG KONG, March 5 (Reuters) - Cash-rich CITIC Resources Holdings Ltd, a Chinese oil and coal investor and producer, targets acquisitions in oil and coal assets but will carefully weigh the impact on its balance sheet, its chief executive said on Monday after it reported that net profit doubled in 2011.
