SHANGHAI, Jan. 13 (SMM) – Net profit is expected to soar by 50-100% year-on-year in 2014, Zhuzhou Smelter Group foresees.
The company registered a net profit of 23.21 million yuan in 2013.
The company attributes the 2014's growth to strengthening profitability of main products.
The expectation over 2014’s net profit by the company is includes non-recurring profit and loss. After deducting the item, the company’s financial results, however, are not very good.
In 2014, the company received two rounds of government subsidies, totaling 68.285 million yuan in non-recurring profit and loss.
Output of its main products grows steady in 2014, with lead and zinc output to rise 21.98% and 1.71% year-on-year, respectively, it added.
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