Cold sharp cobalt industry pre-loss of 38 million to 42 million yuan in the first three quarters

Published: Oct 11, 2019 17:56

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Hanrui Cobalt Industry announced today that it is expected to lose 38 million yuan to 42 million yuan in net profit in the first three quarters, compared with a profit of 700 million yuan in the same period last year.

SMM10 11: cold sharp cobalt industry today announced that the first three quarters net profit loss of 38 million yuan-42 million yuan, a profit of 700 million yuan in the same period of last year. Profits fell because cobalt metal prices continued to fall and sales prices of the company's cobalt products fell between the fourth quarter of 2018 and July this year, reducing the company's profitability.

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