Xingye Mining Drastically Revises Profit in H1 2016 on Rising Zinc

SHANGHAI, Jul. 13 (SMM) - Inner Mongolia-based Xingye Mining Co. announced July 13 it upwardly revised its expected net profit in the first half of 2016, cninf.com reports.

Net profit of listed shareholders is expected to be 20-26 million yuan, or 0.0168-0.0218 yuan per share,in H1 2016, a rise of 3.08-34.01% compared with the 19.40 million yuan during the same period of last year. 

Continuously rising selling price for zinc, major business of the company, is contributing factor to higher profit, which resulted from better macroeconomic environment.

Expected net profit belonging to listed shareholders was 2-10 million yuan in the first quarter of this year. 

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