Zhongjin Lingnan Nonfemet Expects to Post Losses in Q1 2016

SHANGHAI, Apr. 15 (SMM) - Shenzhen Zhongjin Lingnan Nonfemet Co.’s earnings preannouncement says April 15 listed shareholders expect to suffer from 45-55 million yuan losses during Q1 2016, with 0.020-0.025 yuan losses per share, cninfo.com reports.

Falling prices of major nonferrous metals business compared with the same period of 2015 is the contributing factor to its losses.

It realized 58.21 million yuan profits during the same period of 2015, or 0.028 yuan profit per share. 

The company plans to produce 330,000 tonnes of lead and zinc output in 2016, with 250,000 tonnes of lead and zinc smelting products. 

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