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China Nonferrous Metals Co Ltd Comments On H1 2013 Profit Guidance


Monday, 29 Jul 2013 11:55am EDT 

China Nonferrous Metals Co Ltd announced that for the first half of 2013, the Company expected to record a loss as compared to a profit for the corresponding period in 2012. The loss was mainly attributed to (1) reduction in income from metal commodities futures contracts; (2) decrease in the average selling prices of lead and zinc concentrates as a result of adverse market conditions; and (3) increase in the finance costs as a result of the increase in the bank borrowings of RMB170,000,000 during the period. 

Company Quote

0.22
-0.0030 -1.35%
20 Aug 2014