Minmetals and rare earths: the net profit in the first half of the year increased by 189% compared with the same period last year.

Published: Jul 22, 2020 11:04

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Recently, Minmetals and rare earths issued a forecast that the net profit for the first half of the year is expected to be 140 million yuan to 175 million yuan, an increase of 189.30% 261.63% over the same period last year.

SMM: recently, Minmetals and rare earths issued a performance forecast that the net profit for the first half of the year is expected to be 140 million yuan-175 million yuan, an increase of 189.30% Muk 261.63% over the same period last year.

Up to now, Ganxian Hongjin rare Earth Company, a separate enterprise owned by the company, has received a total of 155 million yuan in relocation compensation and relocation rewards. during the reporting period, the company recognized asset disposal income of about 69.82 million yuan and non-operating income of about 25.37 million yuan according to the progress of relocation liquidation. In addition, the company's main merchandise sales gross margin increased year-on-year and the relocation of inventory surplus, also contributed to the pre-increase in performance.

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