Tibet Mining reports a decrease of 69% in Q1 2017 operation revenue

According to the Q1 2017 financial report released by Tibet Mining (000762) on the evening of April 25, the company realized an operation revenue of RMB60.Asian Metal Copyright39 million USD8.Asian Metal Copyright39 million (USD8.Asian Metal Copyright76 million in the first quarter of 2017, down by 69% YOY; and realized a negative net profit of RMB22.Asian Metal Copyright76 million) in the first quarter of 2017, down by 69% YOY; and realized a negative net profit of RMB22.Asian Metal Copyright43 million USD3.Asian Metal Copyright53 million (USD3.Asian Metal Copyright Reasons for the decreasing operation revenue included the following facts: it is located in a high altitude region as a mining company, and the reporting period was its winter shutdown season; meanwhile, as it held no ferrochrome stocks in early 2017 while lithium concentrates it produced were not delivered to the processing plant, its production of lithium salts were affected to some extent.Asian Metal Copyright27 million), while in the same period of last year its net profit was RMB23.Asian Metal Copyright .Asian Metal Copyright43 million (USD3.Asian Metal Copyright53 million USD3.Asian Metal Copyright40 million).Asian Metal CopyrightAccording to the Q1 2017 financial report released by Tibet Mining 000762 on the evening of April 25, the company realized an operation revenue of RMB60.Asian Metal Copyright Reasons for the decreasing operation revenue included the following facts: it is located in a high altitude region as a mining company, and the reporting period was its winter shutdown season; meanwhile, as it held no ferrochrome stocks in early 2017 while lithium concentrates it produced were not delivered to the processing plant, its production of lithium salts were affected to some extent.
.Asian Metal Copyright53 million USD3Asian Metal Copyright