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Home / Metal News / Zhuzhou Smelter Reports Big Losses in 2015

Zhuzhou Smelter Reports Big Losses in 2015

Apr 15, 2016 13:42

Source:SMM

Zhuzhou Smelter Group’s annual report released April 15 says its losses were 605 million yuan in 2015, or 1.15 yuan losses per share, according to p5w.net.

SHANGHAI, Apr. 15 (SMM) - Zhuzhou Smelter Group’s annual report released April 15 says its losses were 605 million yuan in 2015, or 1.15 yuan losses per share, according to p5w.net.

It says falling nonferrous metals prices and soft demand are attributable to losses.

Business revenue was 13.77 billion yuan in the report period, down 8.82% year-on-year. It realized 39.81 million yuan net profits in the same period of 2014. It plans to produce 580,000 tonnes of combined lead and zinc output and earn 12.8 billion yuan in 2016.

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