Home / Metal News / Tongling Nonferrous: average Price of cathode Copper sales up year-on-year expected net profit of 380 million-440 million yuan in the first half of the year

Tongling Nonferrous: average Price of cathode Copper sales up year-on-year expected net profit of 380 million-440 million yuan in the first half of the year

iconJul 12, 2018 17:27
Source:SMM

SMM7: July 12, Tongling Nonferrous Metals Group Co., Ltd. released the 2018 semi-annual results forecast, the forecast for the first half of 2018 is expected to rise in the same direction. The net profit belonging to the shareholders of the listed company is expected to be 380 million yuan-440 million yuan, up 61% ≤ 86% over the same period of last year, and the profit in the same period of last year was 236.2999 million yuan; Basic earnings per share are expected to be about 0.04 yuan, compared with 0.02 yuan in the same period last year.

For the explanation of the reasons for the performance changes, the forecast indicates that:

1. the average price of cathode copper sales of the company's main products in this period has risen compared with the same period last year, and the profitability of the main business has improved.

2. in the same period of last year, the company's main smelters, Jinguan Copper Industry and Jinlong Copper Industry, stopped production and overhaul in the normal cycle, the output of the main products was affected to a certain extent, and the operating profit was reduced compared with the current period.

Tongling Nonferrous Metals
performance report
Copper

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