China's Zijin Mining reports 180% increase in net profit
Date
8/20/2017 2:49:27 AM
(MENAFN) The largest Gold producer in China, Zijin Mining Group, had reported that its net profit had increased 180% in H1 over increase in metal prices and high demand.
The Shanghai Stock Exchange reported that net profit of Zijing Mining reached USD225mln (1.5b yuan) for the first six months in the year, higher from previous year by 538mln yuan.
The company's output of gold dropped 7.8% ti 18,856 kg in H1 of 2017, while that of copper and zinc reached 22.5% and 15.4%, respectively.
Overall, Zijin Mining expected demand for metals to increase in H2 and global copper and zinc prices to keep rising.
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