Minmetals Rare Earth Reverses Losses in H1 2015 on Lower Costs-Shanghai Metals Market

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Minmetals Rare Earth Reverses Losses in H1 2015 on Lower Costs

Company News 11:51:46AM Aug 14, 2015 Source:SMM

SHANGHAI, Aug. 14 (SMM) – Despite sluggish rare earth market, China Minmetals Rare Earth Co. managed to reverse losses in H1 as its cost reduction efforts yielded fruit.

The company reported 328.12 million yuan ($51 million) in revenues during H1 2015, soaring 61.71% from a year ago, it said in its earnings report filed to the Shenzhen Stock Exchange.

It posted 1.46 million yuan in net profit attributable to shareholders of its listed company, a sharp reversal from 42.19 million losses it suffered in H1 2014.    

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.


Minmetals Rare Earth Reverses Losses in H1 2015 on Lower Costs

Company News 11:51:46AM Aug 14, 2015 Source:SMM

SHANGHAI, Aug. 14 (SMM) – Despite sluggish rare earth market, China Minmetals Rare Earth Co. managed to reverse losses in H1 as its cost reduction efforts yielded fruit.

The company reported 328.12 million yuan ($51 million) in revenues during H1 2015, soaring 61.71% from a year ago, it said in its earnings report filed to the Shenzhen Stock Exchange.

It posted 1.46 million yuan in net profit attributable to shareholders of its listed company, a sharp reversal from 42.19 million losses it suffered in H1 2014.    

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.