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Zhongjin Lingnan's Net Profit Down 4.54% YoY in 2013 on Lower Metal Prices
Mar 27,2014 13:22CST
company news
Source:SMM
Shenzhen Zhongjin Lingnan Nonfemet Co.’s net profit decreased 4.54% from a year ago in 2013 on lower lead and zinc prices.

SHANGHAI, Mar. 27 (SMM) - Shenzhen Zhongjin Lingnan Nonfemet Co.’s net profit decreased 4.54% from a year ago in 2013 on lower lead and zinc prices.

It made a net profit of 413.12 million yuan ($67.10 million) or 0.20 yuan per share last year, it told Shanghai Stock Exchange today.

``Lead and zinc prices will continue to consolidate in the bottom range in 2014 as the world economy recovers slowly with new growth point unclear,’’ Zhongjin Lingnan said in its full-year financial report.

In 2013, Zhongjin Lingnan mined from home 187,700 tonnes of lead and zinc concentrate, in the metal content, and 102.13 tonnes of silver, both nearly flat with the year before , it said.

From abroad, it produced 116,600 tonnes of lead and zinc concentrate, a decrease of 10.99% from a year ago, and 48.24 tonnes of silver, a slump of 19.36% year-on-year.

It plans to mine 188,900 tonnes of lead and zinc concentrate and 103 tonnes of silver from home this year, and 136,200 tonnes of the concentrate and 51 tonnes of silver from abroad.
 

Shenzhen Zhongjin Lingnan Nonfemet Co.
2013 FY results

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