Chengtun Mining Sees Net Profit Rise 3-Fold in First Half on Higher Metal Price

SHANGHAI, Jul. 4 (SMM) - Chengtun Mining Co. estimates its net profit belonging to listed shareholders will be 216-243 million yuan in the first half of 2017, up 300-350% on a yearly basis, cs.com reported.

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It attributes the big gain in profit to higher metals prices and rising climate of new energy industry. Meanwhile, mining and dressing business and value-added metal business also contributed to its profit. The company also improved management and expanded major business, and also enhanced new energy metal business. 

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