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Home / Metal News / Newssummary: Zhuzhou Smelter Expects 2014 Net Profit to Surge 50-100% Year-on-Year

Newssummary: Zhuzhou Smelter Expects 2014 Net Profit to Surge 50-100% Year-on-Year

iconJan 13, 2015 10:45
Source:SMM
Net profit is expected to soar by 50-100% year-on-year in 2014, Zhuzhou Smelter Group foresees.

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.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
 
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 
2014 financial results
Chinese news summary
Zhuzhou Smelter Group

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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