(Bloomberg) -- Shenzhen Zhongjin Lingnan Nonfemet
Co., China's fifth-biggest zinc producer by output, said it
expects first-half profit to rise between 50 percent and 60
percent on higher prices of the metal.
The forecast, in a statement to Shenzhen stock exchange
today, implies second-quarter profit of as much as 376.7 million
yuan ($49.6 million), up 27 percent from a year ago, according
to Bloomberg calculations. The figure was derived by subtracting
Zhongjin's reported first-quarter profit of 276.2 million yuan
from the upper end of the half-year forecast.
Read more at Bloomberg Commodities News
Co., China's fifth-biggest zinc producer by output, said it
expects first-half profit to rise between 50 percent and 60
percent on higher prices of the metal.
The forecast, in a statement to Shenzhen stock exchange
today, implies second-quarter profit of as much as 376.7 million
yuan ($49.6 million), up 27 percent from a year ago, according
to Bloomberg calculations. The figure was derived by subtracting
Zhongjin's reported first-quarter profit of 276.2 million yuan
from the upper end of the half-year forecast.
Read more at Bloomberg Commodities News
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