Yunnan Tin Expects Profits Up by 50 Times YoY in 1H of 2017 on Price Surge-Shanghai Metals Market

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Yunnan Tin Expects Profits Up by 50 Times YoY in 1H of 2017 on Price Surge

SMM Insight 11:28:24AM Jun 27, 2017 Source:SMM

SHANGHAI, Jun. 27 (SMM) – Some nonferrous metals go up constantly since the beginning of 2017. When the river rises, the boat floats high. Profits at relevant enterprises trace up.

Yunnan tin expects on June 25 that the company’s net profits to rise 50 times in the first half of 2017 from same period of last year, National Business Daily reports.  

The company attributes tin price surge to the growth and predicts the price to stabilize at around 140,000 yuan per tonne in the rest of year.

According to Yunnan Tin’s semi-annual report, net income attributed to shareholders will increase to 340-190 million yuan in the first six months of 2017 from 6.21 million yuan in 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. 

 

Key Words:  SHFE tin  LEM tin  tin prices 

Yunnan Tin Expects Profits Up by 50 Times YoY in 1H of 2017 on Price Surge

SMM Insight 11:28:24AM Jun 27, 2017 Source:SMM

SHANGHAI, Jun. 27 (SMM) – Some nonferrous metals go up constantly since the beginning of 2017. When the river rises, the boat floats high. Profits at relevant enterprises trace up.

Yunnan tin expects on June 25 that the company’s net profits to rise 50 times in the first half of 2017 from same period of last year, National Business Daily reports.  

The company attributes tin price surge to the growth and predicts the price to stabilize at around 140,000 yuan per tonne in the rest of year.

According to Yunnan Tin’s semi-annual report, net income attributed to shareholders will increase to 340-190 million yuan in the first six months of 2017 from 6.21 million yuan in 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. 

 

Key Words:  SHFE tin  LEM tin  tin prices