China North Rare Earth Posts Higher Revenues and Profit in H1-Shanghai Metals Market

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China North Rare Earth Posts Higher Revenues and Profit in H1

Company News 10:57:40AM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) – Despite headwinds in rare earth market, China North Rare Earth (Group) High-Tech Co. managed to report growth in both revenues and profit in H1. 

The company reported 3.23 billion yuan ($505 million) in revenues during H1 2015, up 35.23% year-on-year. Net profit attributable to shareholders of its listed company increased 1.75% from a year ago to 261 million yuan, it said in its interim report filed to the Shanghai Stock Exchange.     

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.


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China North Rare Earth Posts Higher Revenues and Profit in H1

Company News 10:57:40AM Aug 24, 2015 Source:SMM

SHANGHAI, Aug. 24 (SMM) – Despite headwinds in rare earth market, China North Rare Earth (Group) High-Tech Co. managed to report growth in both revenues and profit in H1. 

The company reported 3.23 billion yuan ($505 million) in revenues during H1 2015, up 35.23% year-on-year. Net profit attributable to shareholders of its listed company increased 1.75% from a year ago to 261 million yuan, it said in its interim report filed to the Shanghai Stock Exchange.     

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.