Jinchuan Group International Resources Co. Ltd Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2017
August 01, 2017 at 11:49 am
Jinchuan Group International Resources Co. Ltd. provided consolidated earnings guidance for the six months ended 30 June 2017. The group is expected to record a consolidated profit attributable to the owners of the company of approximately USD 8 million for the six months ended 30 June 2017 as opposed to the consolidated loss attributable to the owners of the company of USD 16 million for the six months ended 30 June 2016. The turnaround to profit from a loss position is mainly due to increase effort by the management team to improve the operation efficiency; and increase in the average selling price of copper and cobalt year-on-year respectively.