Tongling Nonferrous Metals Posts Sharp Decline in Net Profit in H1

SHANGHAI, Jul. 15 (SMM) – Tongling Nonferrous Metals Group reported big falls in its net profit in the first half of 2016, according towww.cnmn.com.

The company achieved 20-60 million yuan ($2.99-8.98 million) in net profit YTD through June, a decline of 77.26%-92.42% year-on-year. The company gained net profit of 264 million yuan in the same period last year. 

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