Ji En Registers a Loss of 540 Mln yuan in 2014

SHANGHAI, Apr. 3 (SMM) – Ji En Nickel Industry Co., registered a loss of 540 Mln yuan in the year of 2014, according to its financial reports. 

The sharp loss, tumbling 768.69% year-on-year, is due mainly to huge spending on its Canada’s Nunavik Nickel Project and reserves for stock depreciation and fixed-assets depreciation during the report period, the company said.  

In other news, one of its senior officials resigned from the company, becoming the third senior official leaving the company since the beginning of 2015.  

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