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China Minmetals Rare Earth Co., Ltd. Announces FY 2013 Q1 to Q3 Net Profit Outlook


Sunday, 13 Oct 2013 08:00pm EDT 

China Minmetals Rare Earth Co., Ltd. announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to decrease 60.88% ~ 64.23% (approximately RMB 32 million ~ RMB 35 million), compared to the net profit of the same period in FY 2012 (RMB 89,462,200). The Company cited the low sales price of and low profit from rare earth products as the main reason for the forecast. 

Company Quote

22.87
-0.53 -2.26%
1:12am EDT