Tengyuan Cobalt Industry Forecasts Significant Growth in First-Half Net Profit, Projecting 343% to 475% Year-on-Year Increase

Published: Jul 17, 2024 09:28
Tengyuan Cobalt Industry has announced that its estimated net profit in the first half of the year will range from RMB 358 million to 465 million yuan, with a year-on-year growth of 343.07% to 475.5%. During the reporting period, the company's performance has achieved significant year-on-year growth, mainly due to the gradual release of production capacity of the investment projects and the third-phase project of Tengyuan Congo, which has led to an increase in the company's cobalt and copper production both domestically and internationally. In addition, the rise in copper sales prices has also significantly improved the company's overall profitability.

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Tengyuan Cobalt Industry has announced that its estimated net profit i - Shanghai Metals Market (SMM)