TABLE-China Jinduicheng Molybdenum 9-month net up 11 pct

Sat Oct 25, 2008 12:30am EDT
 
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 SHANGHAI, Oct 25 (Reuters) - Three quarters ended Sept. 30.
 (in millions of yuan unless stated, against 2007 figures):
                                  2008              2007
 Turnover                        5,152.72    vs     4,331.68
 Net attributable                2,611.29    vs     2,349.02
 Earnings per share (yuan)           1.07    vs         1.09
 Net assets per share (yuan)         5.05    vs         ***
 Company: Jinduicheng Molybdenum Group Co (601958.SS),
Asia's largest producer of the material, produces around 7
percent of the world's molybdenum, a metal used to toughen
alloy steel and as a catalyst for chemical production and oil
refining.
 Note: The company published unaudited results, compiled
under domestic accounting standards, in the official Shanghai
Securities News on Saturday.
 Jinduicheng said its earnings rose in line with the
development of its core business.
 Without giving comparative data, it also published figures
for the third quarter of this year, including net profit
attributable to the listed company's shareholders, at 865.79
million yuan ($126.5 million).
 *** Year-earlier assets per share were not given, but at the
end of last year they were 1.45 yuan. The company said net
asset value jumped after it raised net proceeds of 8.745
billion yuan in its initial public equity offer in Shanghai in
April.
 ($1 = 6.8433 Yuan)
 (Reporting by Lu Jianxin; Editing by Ben Tan)

 

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