Huaze Cobalt & Nickel Posts 25.28% Fall in Net Profits in First Three Quarters

Published: Oct 30, 2015 15:41

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Chengdu Huaze Cobalt & Nickel Material Co. registered a 25.28% fall in net profits during the first three quarters of 2015, the company said in its financial reports.

SHANGHAI, Apr.16 (SMM) – Chengdu Huaze Cobalt & Nickel Material Co. registered a 25.28% fall in net profits during the first three quarters of 2015, the company said in its financial reports.

The company made a profit of 96.17 million yuan or 0.176 yuan per share during the report period.

Weak demand and sluggish prices were major reasons behind the drop in net profits, the company said.

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Chengdu Huaze Cobalt & Nickel Material Co.net profit

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