Home / Metal News / Nickel / Nonfemet Sees Profit down 73% in H1, Hurt by Falling Zinc, Lead
Nonfemet Sees Profit down 73% in H1, Hurt by Falling Zinc, Lead
Aug 30,2016 11:29CST
industry newscompany news
Source:SMM
Shenzhen Zhongjin Lingnan Nonfemet Co.’s (Nonfemet) earnings report for the first half of this year said its net profit was 43.55 million yuan, down 73% year-on-year.

SHANGHAI, Aug. 30 (SMM) - Shenzhen Zhongjin Lingnan Nonfemet Co.’s (Nonfemet) earnings report for the first half of this year said its net profit was 43.55 million yuan, down 73% year-on-year, due mainly to falling lead and zinc prices, according to cfi.net.

However, its net profit was 96.46 million yuan in the second quarter, or 0.04 yuan per share, improving on a quarterly basis, thanks to rising zinc.

Zinc rose 14% in Q2 compared to Q1, so its gross margin increased 9 percentage points to 14%.

The firm’s lead and zinc ore production was 163,000 tonnes in the first half of the year, flat year-on-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. 


Shenzhen Zhongjin Lingnan Nonfemet Co.
lead
zinc prices
zinc

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news