Jinhui Mining Expects H1 Profit to Jump Up to 66%
Jinhui Mining (SHA:603132) expects its net profit attributable to owners in the first half to jump by between 58% and 66% year on year to a range of 400 million yuan to 420 million yuan, according to a Shanghai bourse filing on Wednesday. The forecasted rise was attributed to higher silver and zinc prices, as well as higher zinc concentrate sales compared to the previous year. The attributable profit a year earlier was 253.1 million yuan, while the earnings per share were 0.26 yuan. The Chinese mining company's shares dropped 6% at the close.
Jinhui Mining (SHA:603132) expects its net profit attributable to owners in the first half to jump by between 58% and 66% year on year to a range of 400 million yuan to 420 million yuan, according to a Shanghai bourse filing on Wednesday.
The forecasted rise was attributed to higher silver and zinc prices, as well as higher zinc concentrate sales compared to the previous year.
The attributable profit a year earlier was 253.1 million yuan, while the earnings per share were 0.26 yuan.
The Chinese mining company's shares dropped 6% at the close.