Home / Metal News / Aluminium / Ji En Nickel Turns into Profits in 2013 on Canada Gerido's Transfer Income
Ji En Nickel Turns into Profits in 2013 on Canada Gerido's Transfer Income
Apr 2,2014 10:58CST
company news
Source:SMM
Ji En Nickel Industry Co. turned losses into profits in 2013 thanks to gains from transferring prospecting and mining right for Canada’s Gerido area.

SHANGHAI, Apr. 2 (SMM) – Ji En Nickel Industry Co. turned losses into profits in 2013 thanks to gains from transferring prospecting and mining right for Canada’s Gerido area.

Ji En Nickel made a net profit of 98.54 million yuan ($16 million) or 0.12 yuan per share last year, as compared to a net loss of 20.63 million yuan, the Jilin province-based company told Shanghai Stock Exchange today.

Its sales revenue declined by 5.06% from a year ago in 2013 despite a 43.85% year-on-year increase in sales volume of refined nickel as the average London Metal Exchange nickel prices fell 14.28% in the year to $15,102 per tonne, it said.

However, the company recorded a gain of 190 million yuan from transferring Canada’s Gerido mining area by subsidiary Jien Canada Mining Ltd., it said.

Ji En Nickel Industry Co.
2013 FY results

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn