SHANGHAI, Oct. 12 (SMM) – Guangsheng Nonferrous Metals Co. said it may return to profitability in the first three quarters of the year, thanks to a rally in rare earth prices.
It expects to earn 5-10 million yuan in this period, compared to 118 million yuan losses in the same period of last year.
It reported 32.27 million yuan losses in H1 2017.
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: firstname.lastname@example.org or email@example.com.