SMM10 March 13: Yintai Gold today released a forecast of its results. The company expects a net profit of 940 million yuan to 980 million yuan in the first three quarters, an increase of 42.78% and 48.86% over the same period last year. Among them, the profit in the third quarter is expected to be 330 million yuan to 370 million yuan, an increase of 49.79% and 67.95% over the same period last year.
The mines under the company continued to operate steadily during the reporting period, and the year-on-year increase in net profit was mainly due to the rise in gold prices and the increase in profits brought about by the annual production of Qinghai Da Chaidan Mining Co., Ltd.
Detailed financial data will be disclosed in the company's third quarter 2020 report.
