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

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

Company News 03:50:35PM Jul 07, 2016 Source:SMM

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. 

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. 


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

Company News 03:50:35PM Jul 07, 2016 Source:SMM

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. 

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.