China Zhongjin Lingnan Net Profit Falls 66%-84% in H1 2016

SHANGHAI, Jul. 7 (SMM) – Shenzhen Zhongjin Lingnan Nonfemet Co. saw declines in its net profit of listed shareholders in the first half of 2016, based on its earning report announced on July 5.

The company reported net profit of 25-55 million yuan ($ 3.74-8.23 million) in H1 2016, a decline of 65.63%-84.38% from 160 million yuan in the same period last year.

The decline in net profit was mainly because nonferrous metal prices in H1 were below those in the same period last year. 

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