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    Rising Nonferrous Metals expects to turn loss into gain in Q1-Q3

    2017-10-13 17:39:23   [Print]
    BEIJING (Asian Metal) 13 Oct 17 - Rising Nonferrous Metals Co.Asian Metal Copyright Firstly, within the report period, China’s Ministry of Industry and Information Technology MIIT, together with related ministries and commissions, carried out environmental inspections and special reorganization of industry order in order to advance a steady and healthy development in rare earth industry as well as the supply-side structural reform, with prices for main rare earth products rising to some extent.Asian Metal Copyright, Ltd.Asian Metal Copyright Firstly, within the report period, China’s Ministry of Industry and Information Technology MIIT, together with related ministries and commissions, carried out environmental inspections and special reorganization of industry order in order to advance a steady and healthy development in rare earth industry as well as the supply-side structural reform, with prices for main rare earth products rising to some extent.Asian Metal Copyright disclosed on late 12th its performance anticipation for the first three quarters this year.Asian Metal Copyright According to the anticipation, the company expects to see net profit attributed to shareholders of listed companies of RMB5-10 million from January to September, in comparison to the figure of negative RMB188 million last year, turning loss into gain.Asian Metal Copyright According to the anticipation, the company expects to see net profit attributed to shareholders of listed companies of RMB5-10 million from January to September, in comparison to the figure of negative RMB188 million last year, turning loss into gain.

    The company attributed three main reasons for its strongly improved performance. Firstly, within the report period, China’s Ministry of Industry and Information Technology (MIIT), together with related ministries and commissions, carried out environmental inspections and special reorganization of industry order in order to advance a steady and healthy development in rare earth industry as well as the supply-side structural reform, with prices for main rare earth products rising to some extent.Asian Metal Copyright, Ltd.Asian Metal Copyright Secondly, the company completed the private placement in the fourth quarter of 2016 with proceeds for repaying bank loan, which resulted in a declined asset-liability ratio and financial expense year on year.Asian Metal Copyright Finally, the specific financial funds received by the company which can be included in the current income statement increased compared with those of the corresponding period of 2016.Asian Metal Copyright Finally, the specific financial funds received by the company which can be included in the current income statement increased compared with those of the corresponding period of 2016.

    .Asian Metal Copyright disclosed on late 12th its performance anticipation for the first three quarters this yearAsian Metal Copyright
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