Yunnan Chihong Zinc & Germanium Estimates a Growth of 70% in 2009 Net Profits -Shanghai Metals Market

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Yunnan Chihong Zinc & Germanium Estimates a Growth of 70% in 2009 Net Profits

Industry News 05:01:50PM Jan 25, 2010 Source:SMM

SHANGHAI, Jan. 25 -- Yunnan Chihong Zinc & Germanium Company announced on January 23rd that the company is expected to post a growth of approximately 70% in 2009 net profits compared with 2008 levels after the preliminary calculation by its financial department. The company achieved net profits of RMB 152.65 million during 2008, with earnings per share at RMB 0.16.

The possible net profit growth is due mainly to the recovery of products prices and marked reduction in operating costs in 2009 compared with 2008 levels.

(Edited by SMM)

Yunnan Chihong Zinc & Germanium Estimates a Growth of 70% in 2009 Net Profits

Industry News 05:01:50PM Jan 25, 2010 Source:SMM

SHANGHAI, Jan. 25 -- Yunnan Chihong Zinc & Germanium Company announced on January 23rd that the company is expected to post a growth of approximately 70% in 2009 net profits compared with 2008 levels after the preliminary calculation by its financial department. The company achieved net profits of RMB 152.65 million during 2008, with earnings per share at RMB 0.16.

The possible net profit growth is due mainly to the recovery of products prices and marked reduction in operating costs in 2009 compared with 2008 levels.

(Edited by SMM)