Performance stopped for three consecutive increases, the net profit of zinc industry shares decreased by more than 70% in 2018.

Published: Jan 29, 2019 10:30

SMM1 29: zinc shares released 2018 results forecast on the evening of January 28, the company is expected to make a net profit of 45 million yuan ~ 55 million yuan in 2018, compared with 216 million yuan in the same period last year, down 74.57% from 74.57% year-on-year.

The company said it made the forecast, It is based on the following reasons: during the reporting period, the price of processing fees in the zinc market, the main product of the company, continued to be depressed, and the price of some fuel varieties needed in the production process increased, resulting in an increase in smelting costs. In addition, some of the company's fixed assets scrapped affect profits reduced by 11.88 million yuan, the above factors led to a decline in the company's performance compared with the same period last year.

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Performance stopped for three consecutive increases, the net profit of zinc industry shares decreased by more than 70% in 2018. - Shanghai Metals Market (SMM)