Chengtun Mining’s Profit Expected to Rise 40-60% in H1 on Business Expansion

SHANGHAI, Jul. 12 (SMM) - Chengtun Mining Co. reported July 11 its net profit belonging to listed shareholders is expected to increase 40-60% year-on-year during the first half of 2016 due to expansion of financial business, higher sales revenue and stronger competitiveness, according to cs.com.

Profit of listed shareholders in the same period of 2015 was 36.02 million yuan, with 0.024 yuan per share.

Its major business focuses on lead and zinc, and now has five nonferrous metal concentrate producers, with proven ore reserves totaling 46.10 million tonnes. Designed capacity of the five companies totals 1.79 million tonne per year, and actual capacity is about 700,000 tonne per year at present. 

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