Metals News
Jiangxi Copper Net Profit Doubles At CNY4.99 Bln
industry news
Mar 30,2011

HONG KONG, Mar 29, 2011 (Dow Jones Commodities News via Comtex) -- Jiangxi Copper Co. (0358.HK), China's biggest copper producer by output, said Tuesday its 2010 net profit doubled from a year earlier due to higher product prices.

The company, which also produces gold and silver, said its net profit for the 12 months ended Dec. 31 was CNY4.99 billion ($761 million), up from CNY2.38 billion a year earlier, based on international accounting standards. The result was slightly higher than the average CNY4.45 billion forecast of 10 analysts polled by Thomson Reuters.

The Hong Kong-and-Shanghai-listed company said its revenue rose 48% to CNY76.14 billion from CNY51.43 billion. It recommended a final dividend of CNY0.2. It paid a final dividend of CNY0.1 a year earlier.


copper Cu
copper price
Jiangxi Copper
stock index futures
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data