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  • China Northern Rare Earth expects net profits in H1 to rise by 230%-260% YOY

    2017-07-18 14:59:23   [Print]
    China Northern Rare Earth Group (“China Northern Rare Earth” or the “Group”) announced on the night of July 14 that its net profits attributable to shareholders of the listed company was expected to rise by 230%-260% YOY in the first half of 2017 after the preliminary calculation by the financial department.Asian Metal Copyright In H1 of 2016, the company reported around RMB31.Asian Metal Copyright In H1 of 2016, the company reported around RMB31.Asian Metal Copyright In H1 of 2016, the company reported around RMB31.Asian Metal Copyright25 million of net profits attributable to shareholders of the listed company.   

    According to the announcement, during the first half of 2017, in accordance with the full-year production targets, the Group continued to reduce costs and improve efficiency, strengthen the management of production, increase sales of main products to raise incomes and profits. In addition, the government continued to carry out a thorough rectification of the production and circulation order of the rare earth industry, leading to a modest growth in rare earth demand and price rises of rare earth products.Asian Metal Copyright As a result, the rare earth industry witnessed better performance results.Asian Metal Copyright As a result, the rare earth industry witnessed better performance results.Asian Metal Copyright The Group credited the above factors for the sharp year-over-year rise in its net profits during the reporting period.Asian Metal Copyright The Group credited the above factors for the sharp year-over-year rise in its net profits during the reporting period.

    .Asian Metal CopyrightChina Northern Rare Earth Group “China Northern Rare Earth” or the “Group” announced on the night of July 14 that its net profits attributable to shareholders of the listed company was expected to rise by 230%-260% YOY in the first half of 2017 after the preliminary calculation by the financial departmentAsian Metal Copyright
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