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Industrial Mining's first-half net profit fell 135.58% compared with the same period last year.

iconSep 1, 2020 09:28
Source:SMM

SMM9 March 1: recently, Inner Mongolia Xingye Mining Co., Ltd. released its semi-annual report for 2020. During the reporting period, the company achieved an operating income of 235.8736 million yuan, a decrease of 30.16% over the same period last year; a total profit of-231.0536 million yuan, a decrease of 160.85% over the same period last year; and a net profit of-183.8538 million yuan belonging to shareholders of listed companies, a decrease of 135.58% over the same period last year. The company's operating performance declined compared with the same period last year, mainly due to the delayed resumption of work by the company and its subsidiaries, resulting in a decrease in the production and sales of the company's main products compared with the same period last year.

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