Jinduicheng Molybdenum 2012 Net Down Nearly 30%
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- Category: Molybdenum's News
- Published on 07 April 2013
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Jinduicheng Molybdenum Co., Ltd. revealed operating revenue of CNY 8.574 billion for 2012, rising 16.92% year on year. Net profit attributable to shareholders reached CNY 522 million, lowering 29.1% or CNY 214 million. EPS were CNY 0.16.
The unsatisfactory performance mainly resulted from decreasing selling prices of molybdenum products as well as increasing costs for raw materials and resource taxes.
The company believed that 2012 is the most difficult year since the financial crisis, when the molybdenum contained in its produced molybdenum concentrates hiked 25.72% to 17,000 tons, ranking number one in China and number four worldwide.
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